The following financial statements were drawn from the records of Franklin Shoes: Additional Information 1. Sold equipment costing $106,300 with accumulated depreciation of $81,330 for $23,660 cash. 2. Paid a $13,208 cash dividend to owners. Required: Anolyze the data and prepare a statement of cash flows using the direct method: (Amounts to be deducted and cash outflows should be indicated by a minus sign.) Total cash outflows Cash Flows from Investing Activities