On January $1,2023$ Santos, Inc. issued $6,000$ Common Stock for $$15\mathrm{.}00/$sh$.$

On December $1,2023$ cash dividends in the amount of $$2/$ share were declared and paid

Equipment which cost $$120,000$ and had a book value of $$48,000$ was sold for $$42,000$

Sold patents with a book value of $$9,000$ for $$12,500$ cash.

Issued Bonds on December $31,2023.$

Purchased new equipment.

Instructions

$($a$)$ From the information above, prepare a statement of cash flows $($indirect method$)$ for Santos, Inc. for the year ended December $31,2023.$

$($b$)$ From the information above, prepare a schedule of cash provided by operating activities using the direct method.