Condensed financial data follow for Brossom Ltd. Blossom reports under ASPE: Liabilities and Shareholders' Equity Accounts payable Accrued expenses payable Notes payable Common shares BLOSSOM LTD. Income Statement Year Ended December 31, 2024 Sales $749,030 Cost of goods sold 281,900 BLOSSOM LTD. Income Statement Year Ended December 31, 2024 Sales $749,030 Cost of goods sold Gross profit 467,130281,900 Operating expenses $94,860 Depreciation expense 70,680 \begin{tabular}{|l|l|l|} \hline Loss on sale of equipment & 11,400 & 176,940 \\ \hline Profit from operations & 2901790,190 \end{tabular} Other expenses Interest expense Profit before income tax 281,830 Income tax expense 68,400 Additional information: 1. New equipment costing $129.200 was purchased for $38,000 cash and a $91,200 note payable. 2. Equipment with an original cost of $87,400 was sold at a loss of $11,400. 3. Notes payable matured during the year and were repaid. 4. A long-term investment was acquired for cash, Prepare the operating section of the cash flow statement using the direct method assuming that accounts payable relate only to merchandise suppliers and that accrued expenses payable and prepaid expenses relate to operating expenses. (Show amounts that decrease cosh flow with either a - sign eg. 15,000 or in parenthesis eg. (15,000)