$1$ Swiss Farm Inc.$\text{'}$s $2023$ statement of cash flows appeared as follows:

Cash flows from operating activities:

Profit

$$125,300$

$10$

points

Accounts receivable increase

Inventory decrease

Prepaid expense increase

Accounts payable decrease

Income taxes payable increase

Depreciation expense

Loss on disposal of equipment

Gain on bond retirement

Net cash inflows from operating activities

Cash flows from investing activities:

Receipt from sale of office equipment

Purchase of store equipment

$$,6,700$

Net cash outflows from investing activities

Cash flows from financing activities:

Payment to retire bonds payable

Payment of dividends

$q,$

$\frac{(6,100)}{315,900}$

Net cash outflows from financing activities

Net increase in cash

Cash balance at December $31,2022$

Cash balance at December $31,2023$

Swiss Farm Inc.$\text{'}$s balance sheet information is as follows:

$\backslash$table$[[,$December$],[,31,],[$Cash$,2023,2022],[$Accounts receivable,$92,400,$$$46,200$

$1$ Swiss Farm Inc.$\text{'}$s balance sheet information is as follows:

An examination of the company's statements and accounts showed:

a$.$ All accounts have normal balances.

b$.$ All sales were made on credit.

c$.$ All merchandise purchases were on credit.

d$.$ Accounts payable balances resulted from merchandise purchases.

e$.$ Prepaid expenses relate to other operating expenses.

f$.$ Equipment that cost $$44,100$ and was depreciated $$24,800$ was sold for cash.

g$.$ Equipment was purchased for cash.

h$.$ The change in the balance of Accumulated Depreciation resulted from depreciation expense and from the sale of equipment.

i$.$ The change in the balance of Retained Earnings resulted from dividend declarations and profit.

j$.$ Cash receipts from customers were $$794,000.$

k$.$ Cash payments for merchandise inventory amounted to $$429,400.$

I. Cash payments for other operating expenses were $$172,200.$

m$.$ Income taxes paid were $$33,200.$

Mc

Graw

$1$

Prepare Swiss Farm's single$-$step income statement for $2023.$