Transcribed image text : Instant Brake Inc's comparative balance sheet information at December 31,2020 and 2019 , and its income statement for the year ended December 31,2020 , are as follows: During 2020 , the following transactions occurred: 1. Purchased equipment for $19.500 cash. 2. Sold the investmenton January 1, 2020, for $31.800 , resulting in investment income of $13.020 . 3. Sold equipment for $6 , 870 cash that had originally cost $32 , 520 and had $20 , 220 of accumulated depreciation. 4. Issued $27.000 of bonds payable at face value. Required: 1. How much cash was paid in dividends? 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31,2020 , using the indirect method. (List any deduction in cash and cash outflows as negative amounts.) 2. Prepare a statement of cash flows for Instant Brake for the year ended December 31, 2020, using the indirect method. (List any deduction in cash and cash outflows as negative amounte