The statement of income and unclassified statement of financial position for Sandhill Inc. follow:

Additional information regarding $2024$:

Long$-$term investments were sold for $$5,200,$ resulting in a realized loss of $$7,300.$

New equipment costing $$141,000$ was purchased for $$70,200$ cash and a $$70,800$ bank loan payable.

Equipment costing $$55,600$ was sold for $$15,600,$ resulting in a gain of $$10,700.$

Accounts payable relate to merchandise suppliers; property tax payable relates to operating expenses.

A dividend was paid during the year.

Operating expenses include $$59,200$ of depreciation expense and an $$10,700$ gain on disposal of equipment.

The company issued common shares for $$60,000$ cash and bought back and retired some other common shares at the cost

they were originally issued at$.$

$($a$)$ Prepare the statement of cash flows using the direct method. $($Show amounts that decrease cash flow with either $a-$ sign eg$.-15,000$ or

in parenthesis e$.$g$.(15,000).)$