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Problem 14-18A (Algo) Using financial statements to prepare a statement of cash flows-indirect method LO 14-1, 14-3, 14-4 The comparative balance sheets and income statements for Walton Company follow: Additional Data 1. During Year 2 , the company sold equipment for $18,017; it had originally cost $30,400. Accumulated depreciation on this equipment was $13,033 at the time of the sale. Also, the company purchased equipment for $7,020 cash. 2. The company sold land that had cost $4,700. This land was sold for $4,600, resulting in the recognition of a $100 loss. Also, common stock was issued in exchange for title to land that was valued at $13,200 at the time of exchange. 3. Paid dividends of $9,974. Required Prepare a statement of cash flows using the indirect method. Note: Amounts to be deducted and cash outflows should be indicated by a minus sign. Required Prepare a statement of cash flows using the indirect method. Note: Amounts to be deducted and cash outflows should be indicated by a minus sign