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

Additional information regarding $2024$:

Long$-$term investments were sold for $$4,600,$ resulting in a realized loss of $$10,700.$

New equipment costing $$140,000$ was purchased for $$69,600$ cash and a $$70,400$ bank loan payable.

Equipment costing $$55,500$ was sold for $$15,600,$ resulting in a gain of $$10,300.$

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

A dividend was paid during the year.

Operating expenses include $$59,200$ of depreciation expense and an $$10,300$ 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 e$.$g$.15,000$ or in parenthesis e$.$g$.(15,000).)$