Crane Ltd. is a private company reporting under ASPE. Its income statement and changes in current assets and current liabilities for the year are reported below: Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Gain on sale of equipment Profit before income tax Income tax expense Profit for the year CRANE LTD. Income Statement Year Ended November 30, 2024 Changes in current assets and current liabilities were as follows: Accounts receivable Inventory Prepaid expenses Accounts payable Dividends payable Income tax payable $1,213,440 627,200 586,240 $396,800 64,000 (12,800) 448,000 138,240 38,400 $99.840 $46,080 decrease 24,320 increase 2,560 increase 15,360 decrease 6,400 decrease 5.120 decrease Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg. (15,000)) CRANE LTD. Cash Flow Statement (Partial)-Indirect Method Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) CRANE LTD. Cash Flow Statement (Partial)-Indirect Method Year Ended November 30, 2024 Operating Activities Profit for the year Adjustments to reconcile profit to Net Cash Used by Operating Activities in Depreciation Expense 64000 Decrease in Accounts Receivable 46080 Increase in Inventory 24320 Increase in Prepaid Expenses 2560 Decrease in Accounts Payable 15360 Increase in Accounts Receivable 6400 Decrease in Income Tax Payable 5120 Net Cash Provided by Operating Activities 99840