The comparative balance sheets and income statements for Jordan Company follow: Additional Data 1. During Year 2, the company sold equipment for $18,086; it had originally cost $31,500. Accumulated depreciation on this equipment was $13,964 at the time of the sale. Also, the company purchased equipment for $6,760 cash. 2. The company sold land that had cost $3,960. This land was sold for $3,900, resulting in the recognition of a $60 loss. Also common stock was issued in exchange for title to land that was valued at $10,600 at the time of exchange. 3. Paid dividends of $9,685. 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. JORDAN COMPANY Statement of Cash Flows For the Year Ended December 31, Year-2 Cash flows from operating activities: Plus: Noncash charges Cash flows from investing activities: Cash flows from financing activities: \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & 0 \\ \hline & & \\ \hline Ending cash balance & & \\ \hline Schedule of noncash investing and financing activities: & \\ \hline \end{tabular}