\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} SKYSONG COMPANY \\ Comparative Statement of Financial Position \end{tabular}} \\ \hline & Dec. 31,2024 & Dec. 31,2023 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & $69,000 & $43,000 \\ \hline Accounts receivable & 70,000 & 51,000 \\ \hline Inventories & 120,000 & 90,000 \\ \hline Property, plant, and equipment & 300,000 & 240,000 \\ \hline Accumulated depreciation & (79,500) & (70,000) \\ \hline \multirow[t]{2}{*}{ Land } & 81,000 & 98,000 \\ \hline & $560,500 & $452,000 \\ \hline \multicolumn{3}{|l|}{ Liabilities and shareholders' equity } \\ \hline Accounts payable & $52,000 & $46,000 \\ \hline Income taxes payable & 12,000 & 20,000 \\ \hline Bonds payable & 119,000 & 66,000 \\ \hline Common shares & 220,000 & 200,000 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 157,500 & 120,000 \\ \hline & $560,500 & $452,000 \\ \hline \end{tabular} Additional information: 1. Some of the land was sold at book value (or carrying value). As a result, there was no gain or loss on this transaction. 2. Equipment costing $45,000 was sold for $15,000, which was $6,700 more than its book value at the time of disposat. Prepare the company's statement of cash flows for 2024 using the indirect method. Assume Skysong follows IFRS and has chosen 4105000 73000 53000 20000 .56000 Opening Cash Ending Cash $