Common shares 162,500 130,000 Retained earnings 114,140 79,165 $409,760 $298,285 Revenues Sales Gain on disposal of equipment Expenses $193,375 5,690 199,065 Cost of goods sold $ 64,650 Depreciation expense 38,155 Operating expenses 9,535 Income tax expense 25,350 Interest expense 1,911 139,601 Profit for the year $59,464 Additional information: 1. Investments in land were sold at cost during 2024. 2. Equipment costing $36,400 was sold for $10,110, resulting in a gain. 3. Common shares were issued in exchange for some equipment during the year. No other shares were issued. 4. The remaining purchases of equipment were paid for in cash. Prepare a cash flow statement for the year ended December 31, 2024, 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).)