The comparative balance sheets and income statements for Finch Company follow:

Balance Sheets

As of December $31$

Year $2$ Year $1$

Assets

Cash $$24,026$ $$2,729$

Accounts receivable $2,4731,484$

Inventory $6,4426,039$

Equipment $15,49640,666$

Accumulated depreciation$$equipment $(6,113)(17,217)$

Land $21,18710,947$

Total assets $$63,511$ $$44,648$

Liabilities and equity

Accounts payable $($inventory$)$ $$2,708$ $$4,374$

Long$-$term debt $2,8286,465$

Common stock $25,10010,500$

Retained earnings $32,87523,309$

Total liabilities and equity $$63,511$ $$44,648$

Income Statement

For the Year Ended December $31,$ Year $2$

Sales revenue $$35,880$

Cost of goods sold $(14,221)$

Gross margin $21,659$

Depreciation expense $(3,066)$

Operating income $18,593$

Gain on sale of equipment $600$

Loss on disposal of land $(60)$

Net income $$19,133$

Additional Data

During Year $2,$ the company sold equipment for $$18,330$; it had originally cost $$31,900.$ Accumulated depreciation on this equipment was $$14,170$ at the time of the sale. Also, the company purchased equipment for $$6,730$ cash.

The company sold land that had cost $$4,360.$ This land was sold for $$4,300,$ resulting in the recognition of a $$60$ loss. Also, common stock was issued in exchange for title to land that was valued at $$14,600$ at the time of exchange.

Paid dividends of $$9,567.$

Required

Prepare a statement of cash flows using the indirect method.

Note: Amounts to be deducted and cash outflows should be indicated by a minus sign.