Instant Brake Inc.'s comparative balance sheet information at December 31,2020 and 2019 . and its income statement for the year ended December 31, 2020, are as follows: During 2020, the following transactions occurred: Purchased equipment for $19,700 cash. Sold the investment on January 1, 2020, for $33,800, resultinq in investment income of $14.020. Sold equipment for $6,970 cash that had originally cost $33,720 and had $20,240 of accumulated depreciation. Issued $29,000 of bonds pavable at face value. Required: 1. How much cash was paid in dividends? 2. Prepare a statement of cash flows for Instant Brake for the vear ended December 31, 2020, using the indirect method. (List any deduction in cash and cash outflows as neqative amounts.)