Baghdad Logistics Ltd. provides the following information for the year ended December 31, 2023:

• Net Income: IQD 60,000,000
• Depreciation Expense: IQD 20,000,000
• Increase in Accounts Receivable: IQD 10,000,000
• Increase in Inventory: IQD 15,000,000
• Decrease in Accounts Payable: IQD 5,000,000 Prepare Baghdad Logistics Ltd.'s cash flow statement using the indirect method, ensuring accuracy in cash flow reporting and adherence to accounting principles.