Below are the inancial statements of the company Additional information 1.) Total operating expenses are composed of: Depreciation expense 20,000 Salaries expense 231,000 Other expenses 28,000 LHR Company Balance Sheet As at December 31 2024 2023 Cash $ 124,000 $ 55,000 Accounts receivable, net 15,000 12.000 inventory 134,000 113,000 Prepaid insurance 8,000 6,000 Building and equipment 310,000 304,000 Accumulated depreciation (87.000 (21,000 Total $ 504,000 $ 419,000 2.) Prepaid insurance is related to operating expenses 3.) Equipment was purchased during the year for: 24,000 Cash Accounts payable Salaries payable Dividends payable income taxes payable Long term debt Common shares Retained earnings Total $ 40,000 $ 34,000 29,000 25,000 3,000 1,000 8,000 2,000 95,000 94.000 4,000 4,000 325,000 259,000 $ 504,000 $ 419,000 4.) Equipment was sold for cash during the year. Cost: 18.000 Accumulated depreciation 4.000 5.) Dividends were declared and paid during the year LHR Company Income Statement For the Year Ended December 31 2024 Sales $ 907.000 Cost of goods sold 487.000 Gross profit 420,000 Total operating expenses 279.000 Operating income 141,000 interest expense 4.00 Loss on sale of equipment 6,000 Income before tax 131.000 33 000 income tax expense Net income s 98.000 Required: Prepare a cash flow statement for this company complete the template from the class