Problem 14-18A (Algo) Using financlal statements to prepare a statement of cash flows-Indlrect method LO 14-1, 14-3, 14-4 The comparattve balance sheets and income statements for Jordan Company follow: Additional Data 1. During Year 2 the coppany sold equipment for $18.123; it had onginally coit $30700. Accumulated depreclation on this equipment Was $13,077 at the time of the sale. Also, the company purchased equipment for $7,080 cash. 2. The company sold land that had cost \$4780. This land was sold for $4700, resulting in the recognition of a $80 lose. Also, common stock was issued in exchange for trie to land that was valued at $12.800 at the time of exchange. 3. Paid dividends of $8.517 Required Prepare a statement of cash flowe using the indirect method Note: Amounts to be deducted and cach outlows should be indicated by a minus sign