Additional information regarding $2024$:

Long$-$term investments were sold for $$4,800,$ resulting in a realized loss of $$7,500.$

New equipment costing $$140,000$ was purchased for $$69,200$ cash and a $$70,800$ bank loan payable.

Equipment costing $$56,000$ was sold for $$15,400,$ resulting in a gain of $$8,300.$

Accounts payable relate to merchandise suppliers; property tax payable relates to operating expenses.

A dividend was paid during the year.

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$.$

$($a$)$ Prepare the statement of cash flows using the direct method. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$