Ayayai Ltd. had the following comparative statement of financial position: Ayayal Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash $26,700 $16.300 Accounts receivable 44,300 33,200 Inventory 26,000 39,000 Prepaid insurance 3,250 2,600 Equipment 132,550 117,000 Accumulated depreciation-equipment (29,300) (16,300) Total assets $203,500 $191,800 Accounts payable $29,900 $26,000 Salaries and wages payable 5,200 2,600 Interest payable 2,600 3,900 Income tax payable 5,200 6,500 Bank loans 39,000 44,900 Common shares 84,500 84,500 Retained earnings 37,100 23,400 Total liabilities and shareholders' equity $203,500 $191,800 Additional information: Net income for the fiscal year was $17,600. Equipment that cost $13,000 was sold for a gain of $1,300 during 2023. The equipment's accumulated depreciation was $9,100. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Ayayai Ltd. Statement of Cash Flows (Indirect method) For the Year Ended December 31, 2023 et Cash provided by Operating Activities + et Income/Loss epreciation icrease in Accounts Receivable ecrease in Inventory icrease in Accounts Payable $ $ $ 9100 -11100 13000 3900