The 2019 accounting records of Pape Transport reveal these transactions and events. Payment of interest Cash sales Receipt of dividend revenue Payment of income tax Profit Payments for inventory Payment for land Collection of accounts receivable $64,165 307,994 115,498 76,999 243,829 622,405 474,825 1,251,227 Payment of salaries and wages Depreciation expense - vehicles Proceeds from sale of vehicles Purchase of vehicles for cash Loss on sale of vehicles Payment of operating expenses Retained earnings at the start of the year Retained earnings at the end of the year $340,077 102,665 5,210,237 141,164 19,250 179,663 507,500 531,100 Required a) Prepare the cash flows from operating activities section for the year ended 31 December 2019 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 equipment in the income statement of $5,100. This equipment cost $49,500 originally and had a carrying amount of $15,400 at the time of sale. What were the proceeds from the sale of the equipment