Additional information regarding $2021$: Long$-$term investments were sold for $$5,000,$ resulting in a realized loss of $$7,500.$ New equipment costing $$141,000$ was purchased for $$71,000$ cash and a $$70,000$ bank loan payable. Equipment costing $$56,000$ was sold for $$15,550,$ resulting in a gain of $$8,750.$ Accounts payable relate to merchandise suppliers; property tax payable relates to operating expenses. A dividend was paid during the year. Operating expenses include $$58,700$ of depreciation expense and an $$8,750$ gain on disposal of equipment. The company issued common shares for $$60,000$ cash and bought back and retired some other common shares at the cost they were originally issued at$.$ Instructions Prepare the statement of cash flows, using the indirect method.