A comparative statement of financial position for Bramble Corporation follows: Bramble Corporation Statement of Financial Position December 31 Assets 2023 2022 Cash $78,000 $34,800 Accounts receivable 104,400 70,800 Inventory 159,600 97,200 FV-OCI investments in shares 75,600 100,800 Land 78,000 123,600 Equipment 468,000 516,000 Accumulated depreciation-equipment (140,400) (103,200) Goodwill 148,800 207,600 Total $972,000 $1,047,600 Liabilities and Shareholders' Equity Accounts payable $14,400 $61,200 Dividends payable 18,000 38,400 Notes payable 264,000 402,000 Common shares 318,000 150,000 Retained earnings 345,600 340,800 Accumulated other comprehensive income 12,000 55,200 Total $972,000 $1,047,600 Additional information: 1. Net income for the fiscal year ended December 31, 2023, was $22,800. 2. 3. 4. 5. 6. 7. In March 2023, a plot of land was purchased for future construction of a plant site. In November 2023, a different plot of land that originally cost $103,200 was sold for proceeds of $114,000. In April 2023, notes payable amounting to $168,000 were retired through the issuance of common shares. In December 2023, notes payable amounting to $30,000 were issued for cash. FV-OCI investments were purchased in July 2023 for a cost of $18,000. By December 31, 2023, the fair value of Bramble's portfolio of FV-OCI investments decreased to $75,600. No FV-OCI investments were sold in the year. On December 31, 2023, equipment with an original cost of $48,000 and accumulated depreciation to date of $14,400 was sold for proceeds of $25,200. No equipment was purchased in the year. Dividends on common shares of $38,400 and $18,000 were declared in December 2022 and December 2023, respectively. The 2022 dividend was paid in January 2023 and the 2023 dividend was paid in January 2024. Dividends paid are treated as financing activities. A loss on impairment was recorded in the year to reflect a decrease in the recoverable amount of goodwill. No goodwill was purchased or sold in the year. (a) Prepare a statement of cash flows using the indirect method for cash flows from operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)