Additional Information Profit for 2024 was $ 121/325 2 Common shares were issued for $59.500 3. Land with a cost of $59.500 was sold at a loss of $22 390 Purchased land with a cost of $119 500 with a $65 270 down sayman: and financed the remainder with a mortgage note No equipment was sold during 2024. Net sales for the year were $781,400 Cost of goods sold for the yearwas $463,800, Osa cans cases, including depreciation expense, were $183,300. Interest expense was $6.150. 10. Income tax expense was $43,935 11 Accounts payable is used for merchandise purchases. Prepare a cash flow statement for the year using the direct mathed. (Show amounts that decrease cash flow with either a - sign es. -15,000 or in parenthesis at. (15.0002)SHERIDAN CHOCOLATE CORP. Cash Flow Statement Year Ended May Payment of Can DMdends V V v v cash and issuing = was purchased by paying $ Focus