Purchase of equipment Proceeds from disposal of equipment Net cash used by investing activities Financing activities Repayment of mortgage payable Payment of cash dividend Net cash used by financing activities Net decrease in cash Cash, January 1 Cash, December 31 (58,840) 7,150 (34,080) 7,075 (51,690) (27,005) (4,785) 4,285 SUNLAND COMPANY INC. Statement of Cash Flows $(500) The CFO is reviewing the work completed by the junior controller and thinks the statement is incorrect. Prepare a corrected statement of cash flows. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).)