The 2019 accounting records of Pape Transport reveal these transactions and events.
Payment of interest		$70,466		Payment of salaries and wages		$373,470
Cash sales		338,237		Depreciation expense - vehicles		112,746
Receipt of dividend revenue		126,839		Proceeds from sale of vehicles		5,721,849
Payment of income tax		84,559		Purchase of vehicles for cash		155,025
Profit		267,771		Loss on sale of vehicles		21,140
Payments for inventory		683,521		Payment of operating expenses		197,305
Payment for land		521,449		Retained earnings at the start of the year		507,500
Collection of accounts receivable		1,374,089		Retained earnings at the end of the year		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 $5,200.
This equipment cost $50,500 originally and had a carrying amount of $6,500 at the time of sale.
What were the proceeds from the sale of the equipment?