1. The company bought kitchen equipment (a commercial oven) for $17,000 on November 1, 2023, and signed a $12,000 note payable to help pay for it. The terms provide for semiannual fixed principal payments of $2,000 on May 1 and November 1 of each year, plus interest of 5%. All other furniture, fixture, and equipment were purchased during the year for cash. 2. The company issued 25,930 common shares for $25,930, of which 750 shares were repurchased from the lawyer who provided legal advice during the incorporation process for $500. Again, assume all shares were originally issued for cash. Assets Current assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Dividends payable Salaries and wages payable Interest payable Notes payable-current portion $5,78618,5007002,2502504,000 Long-term liabilities Notes payable-long-term portion Total liabilities 37,4866,000 Stockholders' equity Paid-in capital Preferred stock, 2,800 shares issued and outstanding Common stock, 25,930 shares issued, 25,180 outstanding Retained earnings Total paid-in capital and retained earnings Less: Treasury stockcommon ( 750 shares), at cost Total stockholders' equity Total liabilities and stockholders' equity $149.516112.030 1) Prepare a statement of cash flows for Cookie \& Coffee Creations Inc. for the year ended October 31,2024 , using the indirect method