Instant Brake Inc.'s comparative balance sheet information at December 31,2023 and 2022 , and its income statement ended December 31,2023 , are as follows: During 2023 , the following transactions occurred: 1. Purchased equipment for $21,000 cash. 2. Sold the investment on January 1,2023, for $46,800, resulting in investment income of $20,520 3. Sold equipment for $7,620 cash that had originally cost $41,520 and had $20,080 of accumulated depreciation. 4. Issued $16,000 of bonds payable at face value. Required: 1. How much cash was pald in divdends? ] 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 negetive amounts.)