As a credit risk analyst at $$Banco Andes$$ you have been given the task of: $\backslash$table$[[$ASSETS$,\backslash$table$[[$as at $31],[$December$],[2021$ in$],[$ThCh$$]],\backslash$table$[[$as at $31],[$December$],[2022$ in$],[$ThCh$$]],\backslash$table$[[$variation$],[$ThCh$$]],\backslash$table$[[$EQUITY AND$],[$LIABILITIES$]],\backslash$table$[[$as at $31],[$December$],[2021$ in$],[$ThCh$$]],\backslash$table$[[$as at $31],[$December$],[2022$ in$],[$ThCh$$]],\backslash$table$[[$variation$],[$ThCh$$]]],[$Current assets,,,,Current liabilities,,,$],[\backslash$table$[[$Cash and cash$],[$equivalents$]],3,222,657,4,260,292,1,037,635,$Short$-$term debt,$7,377,665,10,053,044,2,675,379],[\backslash$table$[[$Trade and other$],[$receivables$,$ current$]],9,730,274,12,353,520,2,623,246,\backslash$table$[[$Trade and other$],[$payables$,$ current$]],9,989,639,11,723,804,1,734,165],[$Inventories$,17,930,433,20,781,657,2,851,224,\backslash$table$[[$Curren tax$],[$liabilities$]],1,869,601,1,945,678,76,077],[$Prepaid rent,$123,000,75,000,(48,000),\backslash$table$[[$Current provisions$],[$for employee$],[$benefits$]],346,651,447,527,100,876],[$VAT credit,$15,345,17,376,2,031,$VAT debit,$17,654,21,730,4,076],[$Tax assets, current,$1,016,319,817,339,(198,980),\backslash$table$[[$Marketing$],[$expenses payable$]],372,414,418,801,46,387],[$Total current assets,$32,038,028,38,805,184,,\backslash$table$[[$Total current$],[$liabilities$]],19,973,624,24,610,584,],[$No current assets,,,,$\backslash$table$[[$No current$],[$liabilities$]],,,],[\backslash$table$[[$Intangible assets$],[$other than goodwill$]],194,297,173,683,(20,614),$Long$-$term debt,$4,847,610,3,918,161,(929,449)],[$Goodwill$,646,675,646,675,,\backslash$table$[[$Total no current$],[$liabilities$]],4,847,610,3,918,161,],[\backslash$table$[[$Property$,$ plant and$],[$equipment$,$ net$]],7,758,979,8,481,168,722,189,$TOTAL LIABILITES,$24,821,234,28,528,745,],[\backslash$table$[[$Total no current$],[$assets$]],8,599,951,9,301,526,,$EQUITY,,,$],[,,,,$Issued capital,$10,566,866,10,566,866,-],[,,,,$Retained earnings,$5,249,879,8,511,099,3,261,220],[,,,,$Total equity,$15,816,745,19,077,965,],[$TOTAL ASSETS,$40,637,979,47,606,710,,\backslash$table$[[$TOTAL EQUITY$],[$AND LIABILITES$]],40,637,979,47,606,710,]]\backslash$table$[[$INCOME STATEMENT,$\backslash$table$[[$as at $31$ December$],[2022$ in ThCh$$]]],[$Income from ordinary activities,$39,547,393],[$Costo of sales,$(25,915,295)],[$Gross profit,$13,632,098],[$Depreciation of the year,$(761,431)],[$Salaries and other personnel expenses,$(1,778,269)],[$Administration expenses,$(4,828,694)],[$Rent$,(560,000)],[$Profit from operating activities,$5,703,704],[$Financial incomes,$214,773],[$Financial costs,$(705,852)],[$Profit before tax,$5,212,625],[$Income tax expense,$(1,407,991)],[$Profit of the year,$3,804,634]]$

I. Prepare Cash Flow Statement for this company using the Direct Method. Following additional information has been provided by company to facilitate preparation of Cash Flow Statement:

a$.$ Formulas and calculations performed for each item in Cash Flow Statement should be shown.

b$.$ VAT rate is $19\%.$

c$.$ Company took on new short$-$term debt of $$3,000$ million in $2022$ with $$Banco Andes$.$ Bank requires that Cash Flow from Financing Activities be presented with an opening between New Debt and Paid Short$-$Term and Long$-$Term Debt.

d$.$ Marketing expenses are included within Selling and Administrative Expenses $($SAE$).$

e$.$ Salaries expenses include effect of employee benefit provisions.