Additional data:

Depreciation expense was $$4900$

Dividends declared and paid were $$56,000.$

During the year, equipment was sold for $$23,800$ cash. This equipment originally cost $$50,400$ and had accumulated

depreciation of $$26,600$ at the time of sale.

Bonds were redeemed at their carrying value.

Common stock was issued at par for cash. prepare the operating activites of the section of the statement of cash flows using the indirect method.