The comparative balance sheets and income statements for Gypsy Company follow.

Liabilities and stockholders' equity Accounts payable $($inventory$)$ $$2,572$ $$4,155$ Long$-$term debt $3,0226,907$ Common stock $23,9009,500$ Retained earnings $33,19323,723$ Total liabilities and stockholders' equity $$62,687$$$44,285$

Additional Data

During Year $2,$ the company sold equipment for $$18,380$; it had originally cost $$31,500.$ Accumulated depreciation on this equipment was $$13,570$ at the time of the sale. Also, the company purchased equipment for $$6,590$ cash.

The company sold land that had cost $$3,160.$ This land was sold for $$3,100,$ resulting in the recognition of a $$60$ loss, Also, common stock was issued in exchange for title to land that was valued at $$14,400$ at the time of exchange.

Paid dividends of $$9,471.$

Required

Prepare a statement of cash flows using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign.