Carla Vista Ltd., a private company reporting under ASPE, reported the following for the years ended May 31, 2024 and 2023. CARLA VISTA LTD. Balance Sheet May 31 Assets 2024 2023 Cash $12,100 $41,280 Accounts receivable 81,600 72,960 Inventory 165,120 153,600 Prepaid expenses 4,800 7,200 Land 120,000 72,000 Equipment 312,000 182,400 Accumulated depreciation (65,520) (38,400) Total assets $630,100 $491,040 Liabilities and Shareholders' Equity Accounts payable $41,280 $36,480 Dividends payable 7,200 4,800 Income tax payable 2,400 5,760 Mortgage payable 120,000 76,800 Common shares 208,320 160,320 Retained earnings 250,900 206,880 Total liabilities and shareholders' equity $630,100 $491,040 Additional information: 1. Profit for 2024 was $103,680. 2. Common shares were issued for $48,000. 3. Land with a cost of $48,000 was sold at a loss of $19,200. 4. Purchased land with a cost of $96,000 with a $52,800 down payment and financed the remainder with a mortgage note payable. 5. No equipment was sold during 2024. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).)