View Policies Current Attempt in Progress The comparative balance sheets for Metlock Corporation show the following information. Additional data related to 2020 are as follows. 1. Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2,400. 2. $10,000 of the long-term note payable was paid by issuing common stock 3. Cash dividends paid were $5,000. 4. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $29,800 (net of $2,000 taxes). 5. Debt investments (available-for-sale) were sold at $1,600 above their cost. The compary has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. Along-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $2,000 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg. - 15,000 or in parenthesise.g. (15,000).)