The 2015 accounting records of Outdoor Adventures Ltd reveal the following transactions and events. All values are in $. (The company's financial year ends on 31 December each year). Payment of interest 19,900 Cash sales 62,300 Retained earnings at the start of the year 574,000 Retained earnings at the end of the year 598,500 Receipt of dividend revenue 16,300 Payment of income tax 12,500 Profit 37,600 Payment of accounts payable for inventory 95,600 Payment for land 75,100 Collection of accounts receivable 195,300 Payment of salaries and wages 64,200 Depreciation expense 16,400 Proceeds from sale of aircraft 759,900 Purchase of equipment for cash 24,200 Loss on sale of aircraft 3,500 Payment of operating expenses 25,300 Required a)Prepare the cash flows from operating activities section of the statement of cash flows using the direct method b) How much was the payment of dividends? c) During the year equipment was sold and the company recorded a profit on sale of the equipment of $9,400. This equipment cost $65,100 originally and had a carrying amount of $3,200 at the time of sale. What were the proceeds from the sale of this equipment