The comparative balance sheets and income statements for Gypsy Company follow. Additional Data 1. Daring Year 2, the company sold equipment for $21500 it had originally cost $36,000. Accumulated depreciation on this cquipment was $16.000 at the time of the sale. Also, the company purchased equipment for $29,000cash 2. The company sold land that had cost$6,000. This land was sold for $5,900, resulting in the recognition of a $100 loss. Also, commen sock was issued in exchange for title to land that was valucd at $22.000 at the time of exchange 3. Paid dividends of $12,400. Required Prepore a statement of cash flows using the indirect method The comparative balance sheets and income statements for Gypsy Company follow. Additional Data 1. Daring Year 2, the company sold equipment for $21500 it had originally cost $36,000. Accumulated depreciation on this cquipment was $16.000 at the time of the sale. Also, the company purchased equipment for $29,000cash 2. The company sold land that had cost$6,000. This land was sold for $5,900, resulting in the recognition of a $100 loss. Also, commen sock was issued in exchange for title to land that was valucd at $22.000 at the time of exchange 3. Paid dividends of $12,400. Required Prepore a statement of cash flows using the indirect method