The comparative balance sheets for Hinckley Corporation show the following information. The comparative balance sheets for Hinckley Corporation show the following information. Equipment that had cost $$11,000$ and was $40\%$ depreciated at time of disposal was sold for $$2,500.$

$$10,000$ of the long$-$term note payable was paid by issuing common stock.

Cash dividends paid were $$5,000.$

On January $1,2025,$ the building was completely destroyed by a flood. Insurance proceeds on the building were $$30,000($net

of $$2,000$ taxes$).$

Debt investments $($available$-$for$-$sale$)$ were sold at $$1,700$ above their cost. The company has made similar sales and

investments in the past.

Cash was paid for the acquisition of equipment.

A long$-$term note for $$16,000$ was issued for the acquisition of equipment.

Interest of $$2,000$ and income taxes of $$6,500$ were paid in cash.

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in