Instant Brake Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31,2023 , are as follows: During 2023 , the following transactions occurred: 1. Purchased equipment for $20,100 cash. 2. Sold the investment on January 1,2023 , for $37,800, resulting in investment income of $16,020. 3. Sold equipment for $7,170 cash that had originally cost $36,120 and had $20,280 of accumulated depreciation. 4. lscIIEA $22 of hnnds navahle at fare valule 3. Sold equipment for $7,170 cash that had originally cost $36,120 and had $20,280 of accumulated depreciation. 4. Issued $33,000 of bonds payable at face value. Required: 1. How much cash was paid in dividends? 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31,2023 , using the indirect method. (List any deduction in cash and cash outflows as negative amounts.) 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31, 2023, using the indirect method. (List any deduction in cash and cash outflows as negative amounts.)