Problem $(10$ points$).$

Attached are the comparative balance sheets for Neeson Corporation for the years ending December $31,20x6$ and $20$X$7.$ The following additional information is also available for fiscal year $20$X$7.$

$\backslash$table$[[,\backslash$table$[[$NEESON CORPORATION$],[$ADDITIONAL INFORMATION FOR PREPARING$],[$FTATEMENT OF CASH FLOWS$],[$FOR YEAR ENDING DECEMBER $31,20$X$7]]],[(1),\backslash$table$[[$Equipment that originally cost $$11,000$ and was $40\%$ depreciated at the time of disposal was$],[$sold for $$2,500.]]],[(2),$$$15,000$ of the long term note payable was paid by issuing common stock.$],[(3),\backslash$table$[[$On January $1,20x7$ the building was completely destroyed by a flood. Insurance proceeds$],[$on the building were $$33,000$ after $$4,000$ in taxes on the gain were paid.$]]],[(4),$Long term investments were sold at $$2,500$ above their cost.$],[(5),\backslash$table$[[$A long term note was issued in the amount of $$16,000$ for the purchase of equipment. The$],[$company also made additional borrowings using long term notes during the year.$]]],[(6),$All other purchases of equipment were made in cash.$],[(7),\backslash$table$[[$The company declared dividends of $$10,000,$ which were paid during the year along with$],[$the dividends that were payable at the beginning of the year. All other changes to the$],[$retained earnings account were due to net income for the period.$]]]]$

REQUIRED: Using the attached form, prepare a statement of cash flows for the company for the year ending December $31,20$X$7,$ in proper form, using the indirect method. Be sure to include a schedule of noncash investing and financing activities.