These are the financial statements of Funky Fashions Ltd. The following additional data were provided. 1. The entity paid an interim dividend of $2000 and declared a final dividend. 2. During the year equipment was sold for $8500 cash. This equipment cost $18000 originally and had a carrying amount of $8500 at the time of sale. 3. All depreciation expense is in the selling expense category. 4. All operating expenses except for depreciation were paid in cash. Required a. Prepare a statement of cash flows using the direct method