\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Crane Ltd. \\ Statement of Financlal Position \\ December 31 \end{tabular}} \\ \hline Assets & 2024 & 2023 \\ \hline Cash & $45,700 & $22,100 \\ \hline Term deposits (maturing in 60 days) & 5,300 & 900 \\ \hline Accounts receivable & 86.000 & 75,500 \\ \hline Inventory & 170,000 & 180,000 \\ \hline Estimated inventory returns & 5.000 & 4,000 \\ \hline Long-term investments & 74,000 & 130,000 \\ \hline Equipment & 265,000 & 154,000 \\ \hline Accumulated depreciation & (77,000) & (30,000) \\ \hline Total assets & $574,000 & $536,500 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Shareholders' Equity } \\ \hline Accounts payable & $21.000 & $47,500 \\ \hline Refund liability & 9.000 & 5,000 \\ \hline Bank loan payable (non-current) & 142.000 & 172.000 \\ \hline Commonshares & 201.000 & 177,000 \\ \hline Retained earnings & 201,000 & 135,000 \\ \hline Total liabilities and shareholders' equity & $574,000 & $36,500 \\ \hline \end{tabular} Additional information pertaining to 2024: 1. Netincome was $125,700. 2. Sales were $1.000,000. 3. Cost of goods sold was $751,000. 4. Operating expenses were $40,000, exclusive of depreciktion expense. 5. Depreciation expense was $47,000 6. Interest expense was $15,000. 7. Income tax expense was $27,000. Long-term investments were sold at a gain of $5,700. These investments are carried at their cost, so gains and losses on 8. these investments are recorded only when the investments are sold. 9. No equipment was sold during the year, 10. $30,000 of the bank loan was repaid during the year. 11. Common shares were issued for $24,000. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign es, 45,000, or in porenthesis es: (45,000)}