Additional information:

Dividends on common shares in the amount of $$3,400$ were declared and paid during $2023.$ Dividends paid are

treated as financing activities.

Depreciation expense is included in operating expenses, as is salaries and wages expense of $$74,500.$

Equipment with a cost of $$40,000$ that was $70\%$ depreciated was sold during $2023.$

Prepare a statement of cash flows using the direct method. $($Show amounts that decrease cash flow with either

a negative sign e$.$g$.-10,000$ or in parenthesis e$.$g$.(10,000).)$Riverbed Inc., a greeting card company that follows ASPE, had the following statements prepared as at December $31,$

$2023$: