Additional information regarding fiscal 2023: 1. Net income for the year was $27,000. 2. Cash dividends of $35,000 were declared and paid during the year. 3. Long-term investments with a carrying amount of $53,000 were sold for $48,000 cash. Instructions Using the indirect method, prepare a statement of cash flows for the year ended December 31,202 University INC. Comparative Statements of Financial Position Assets Cash. \begin{tabular}{ccc} Dec. 31,2023 & Dec. 31,2022 \\ .. & $29,000 & $10,000 \\ .. & 28,000 & 19,000 \\ .. & 9,000 & 12,000 \\ .. & 37,000 & 54,000 \\ .. & 0 & 53,000 \\ .. & 110,000 & 48,000 \\ & $187,000) & (22,000) \\ \hline \end{tabular} Liabilities and Shareholders' Equity. Accounts payable. $21,000$9,000 Mortgage payable Common shares. Retained earnings. Total liabilities and shareholders' equity... $187,00089,000 45,000 23,000 97,000 $174,000