Dividends / Sale of Equipment

See the attached file.
My problem is, I do not see how my instructor reached in the "indirect methodology" for "financing activities" how he achieved dividends of; -61,200

And for the "investing activities", how my professor reached 36,000 for sale of equip.

Please help show me how he reached these values.

1. New equipment costing $59,000 was purchased during the
year.

2. Equipment sold during the year produced a loss of $12,000.

3. You obtained selected industry average ratios for publicly traded furniture
companies of this type for 2005. These are as follows:

2005
Industry Average
Return on equity
(NI/equity) 10 %
Return on Assets
(NI+int.(1-tax rate)/T Assets) 8 %
Current ratio (CA/CL) 1.8:1
Debt/T. Liabilities & equity ratio 0.44
Sales/ Accounts receivable 6 times
Inventory turnover
(C. of G. Sold/Invent.) 4 times
Earnings per share $1.60

Sighing deeply, and trying to remember if things were ever this difficult in graduate school, you commenced the project.

Required : Assume your role as administrative assistant to the president of Aldrig. Prepare a Cash Flow Statement for Baltog Ltd..
Baltog Ltd.
Balance Sheets
As as December 31

2005 2004
Assets
Cash $ 83,000 $ 61,000
Marketable securities 5,000 0
Accounts receivable(net) 250,000 211,000
Inventories 269,000 245,000
Total current assets $607,000 $517,000
Land $50,000 $ 0
Plant and equipment 950,000 958,000
Accumulated amortization (180,000) (102,000)
Patents(net) 65,000 74,000
Total Long-term assets $885,000 $930,000
Total Assets $1,492,000 $1,447,000

Liabilities and Equities
Accounts payable $ 218,000 $ 179,000
Dividends payable 0 15,000
Other current liabilities 64,000 161,000
Total current liabilities $282,000 $355,000
Loans payable 340,000 300,000
Deferred income taxes 24,000 20,000
Total Long-term Liabilities $364,000 $320,000
Total Liabilities $646,000 $675,000
Shareholders' equity
Common stock(60,000 shares in $350,000 $ 300,000
2002; 70,000 in 2003)
Retained earnings 496,000 472,000
Total Owners' equity $846,000 $772,000
Total Liab.& Owners' equity $1,492,000 $1,447,000

Baltog Ltd.
Statement of Income
for the year ended December 31, 2005

Sales $1,083,000
Cost of goods sold 596,000
Gross margin $487,000
Less: Operating expenses
Operating, selling & admin $240,000
Interest 13,000
Amortization 106,000
Other operating 8,000 367,000
Net operating income 120,000
Loss on sale of
equipment (12,000)
Net income before taxes $108,000
Less: Income taxes (tax rate is 35%) 37,800
Net income $70,200.