\begin{tabular}{|c|c|c|} \hline Goodwill & 30,000 & 68,000 \\ \hline Total assets & $308,545 & $313,490 \\ \hline Accounts payable & $46,230 & $40,120 \\ \hline Income tax payable & 3,930 & 6,110 \\ \hline Salaries and wages payable & 8,080 & 4,080 \\ \hline Short-term loans payable & 8,010 & 10,180 \\ \hline Long-term loans payable & 70,000 & 87,000 \\ \hline Common shares & 130,000 & 130,000 \\ \hline Retained earnings & 42,295 & 36,000 \\ \hline Total liabilities and shareholders' equity & $308,545 & $313,490 \\ \hline \end{tabular} Cash Paid for Other Operating Expenses Net Cash Provided by Operating Activities Net Cash Provided by Investing Activities. Proceeds on Sale of Equipment Purchase of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Principal Payments on Short-Term Loans Principal Payments on Long-Term Loans Dividends Paid Net Cash Used by Financing Activities Net Decrease in Cash Cash, January 1, 2023 Cash, December 31. 2023 $ Current Attempt in Progress Bramble Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2023: Additional information: Dividends on common shares in the amount of $3,400 were declared and paid during 2023. Dividends paid are treated as 1. financing activities. 2. Depreciation expense is included in operating expenses, as is salaries and wages expense of $74,500. 3. Equipment with a cost of $40,000 that was 70% depreciated was sold during 2023. Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a negative sign e.g. - 10,000 or in parenthesis e.g. (10,000). \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Bramble Inc. \\ Income Statement \\ Year Ended December 31, 2023 \end{tabular}} \\ \hline Sales revenue & & $346,120 \\ \hline Cost of goods sold & & 165,000 \\ \hline Gross margin & & 181,120 \\ \hline Operating expenses & & 120,000 \\ \hline Operating income & & 61,120 \\ \hline Interest expense & $12,300 & \\ \hline Impairment loss-goodwill & 38,000 & \\ \hline Gain on disposal of equipment & (3,000) & 47,300 \\ \hline Income before income tax & & 13,820 \\ \hline \end{tabular} Bramble Inc. Statement of Cash Flows (Direct Method) For the Year Ended December 31. 2023 Cash Flows from Operating Activities Cash Received from Customers Cash Paid to Suppliers for Goods and Services Cash Paid for interest Cash Paid for Taxes Cash Paid to and on Behalf of Employees $