The comparative balance sheets and income statements for Adams Company follow: Additional Dote 1. During Year 2 , the company sold equipment for $18,344; it had originally cost $29,200. Accumulated depreciation on this equipment was $11,456 at the time of the sale. Also, the company purchased equipment for $6,650 cash. 2. The company sold land that had cost $5,050. This land was sold for $5,000, resulting in the recognition of a $50 los5. Also. common stock was issued in exchange for title to land that was valued at $14,600 at the time of exchange. 3. Paid dividends of $9.227 Required Prepare a statement of cash flows using the indirect method Note: Amounts to be deducted ond cash outflows should be indicated by a minus sign. ADAMS COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Less Increase/Decrease in current assets and current liabilities: \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline Plus. Noncash charges & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular}