Other Information 1. Purchased land for $114,200. 2. Purchased new equipment for $95,200. 3. Sold old equipment that cost $130,340 with accumulated depreciation of $110,340 for $20,000 cash. 4. Issued common stock for $49,000. Prepare the statement of cash flows for Year 2 using the indirect method. (Cash outflows should be indicated with a minus sign.)