Additional information pertaining to $2024$:

Net income was $$93,000.$

Sales were $$976,000.$

Cost of goods sold was $$754,000.$

Operating expenses were $$41,000,$ exclusive of depreciation expense.

Depreciation expense was $$47,000.$

Interest expense was $$18,000.$

Income tax expense was $$29,000.$

Long$-$term investments were sold at a gain of $$6,000.$ These investments are carried at their cost, so gains and losses on

these investments are recorded only when the investments are sold.

No equipment was sold during the year.

$$13,000$ of the bank loan was repaid during the year.

Common shares were issued for $$35,000.$

PREPARE STAMENT OF CASH FLOW USING INDIRECT METHOD