Condensed comparative balance sheets of Posner Company at December 31 , Years 1 and 2 , appear as follows: The income statement for the current year is as follows: Additional data for the current year are as follows: - Fully depreciated equipment costing $60,000 was scrapped, no salvage, and new equipment was purchased for $183,200. - Bonds payable for $100,000 were retired by payment at their face amount. - 5,000 shares of common stock were issued at $13 for cash. - Cash dividends declared and paid, $25,000. Prepare a statement of cash flows for the year ended December 31, Year 2, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adiustments. Posner Company Cash balance, January 1 , Year 2 Cash balance, December 31 , Year 2