The comparative balance sheets and income statements for Gypsy Company follow: Additional Data 1. During Year 2, the company sold equipment for $23,500; it had originaly cost $38,000, Accumulated depreciation on this equipment was $16,000 at the time of the sale. 2. The company sold land that had cost $6,000, resulting in the recognition of a $100 loss. 3. Also, common stock was issued in exchange for title to land that was valued at $22,000 at the time of exchange. Required Prepare a statement of cash flows using the indirect method (don't forget the supplementary noncash activities shown after the statement)