The comparative balance sheets and income statements for Munoz Company follow: Additional Data 1. During Year 2, the company sold equipment for $18,963; it had originally cost $28,100. Accumulated depreciation on this equipment was $9,887 at the time of the sale. Also, the company purchased equipment for $7,450 cash. 2. The company sold land that had cost $3,850. This land was sold for $3,800, resulting in the recognition of a $50 loss. Also, common stock was issued in exchange for title to land that was valued at $14,600 at the time of exchange. 3. Paid dividends of $7,910. 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. MUNOZ COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Less: Increase/Decrease in current assets and current liabilities: Plus: Noncash charges Cash flows from investing activities: $ Cash flows from investing activities: \begin{tabular}{|l|l|l|l|} \hline & & \\ \hline & & & \\ \hline & & $ & \\ \hline \end{tabular}