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ASAP please Activate Windows Information from the balance sheet and income statement is given below for Monty Inc., a private company reporting under ASPE, for
ASAP please
Activate Windows Information from the balance sheet and income statement is given below for Monty Inc., a private company reporting under ASPE, for the year ended December 31. Additional information: 1. Investments in land were sold at cost during 2024. 2. Equipment costing $61,600 was sold for $17,105, resulting in a gain. 3. Common shares were issued in exchange for some equipment during the year. No other shares were issued. 4. The remaining purchases of equipment were paid for in cash. Prepare a cash flow statement for the year ended December 31, 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Revenues Sales $327,2509,625336,875 Gain on disposal of equipment Expenses Cost of goods sold \$109,405 Depreciation expense 64,570 Operating expenses 16,135 Income tax expense 42,900 Interest expense 3,234 236,244 Expenses Cost of goods sold $109,405 Depreciation expense 64,570 Operating expenses 16,135 Income tax expense 42,900 Interest expense Profit for the year Activate Winde MONTY INC. Cash Flow Statement - Indirect Method $ Adjustments to reconcile profit to $ Note X: Significant noncash investing and financing activities: Equipment with a cost of \$ was purchased in exchange for common shares
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