Additional Data

$1)$ During Year $2,$ the company sold equipment for $$23,500$; it had originally cost $$38,000.$Accumulated depreciation on this equipment was $$16,000$ at the time of the sale.

$2)$ The company sold land that had cost $$6,000,$ resulting in the recognition of a $$100$ loss.

$3)$ Also, common stock was issued in exchange for title to land that was valued at $$22,000$ at the time of exchange.

Required:

Prepare a statement of cash flows using the indirect method $($don$\text{'}$t forget the supplementary noncash activities shown after the statement$).$