The comparattve boiance sheets and income statements for Gypsy Company follow. Acdivoral Data 1. During Year 2 the company sold equpment for $21,500, it had onginally cost $36,000, Accum Lated depreciation on this equipment was 516,000 at the time of the sale. Also, the company purchased equlpment for $29,000 cash. 2. The company sold fand that had cost $6.000. This land was sold for $5.900, resulting in the recognition of a $100 loss. Aks. common stock was issued in exchange for tite to land that was valued at $22,000 at the time of exchange 3. Paid dividends of $12,400. Required Propare a statement of cosh fiows using the indirect method. (Cash outflows should be indicated with a minus sign.) Reculred Prepare a statement of cash fows using the thdirect method. (Cash outflows should be indicated with a minus sign) Required Prepare a statement of cash flows using the Indirect method. (Cash outflows should be indicated wth a minus sign.) a minus sign.) Required Prepare a statement of cash flows using the indirect method. (Cash outflows should be indicated with a minus sign.) Required th a minus sign.) RiPi (i) Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Less: Increases in current assets and decreases in current liabilities: Plus: Noncash charges Cash flovis from investing activities: Cash flows from financing activities: Fer Annomhalann Less: Beginning cash balance Plus: Beginning cash balance