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 December 31, 2024 Changes in current assets and current liabilities were as follows: Accounts receivable Inventory Prepaid expenses Accounts payable Dividends payable Income tax payable $796,320 411,600 384,720 $260,400 42,000 (8,400) 294,000 90,720 25,200 $65,520 $30,240 decrease 15,960 increase 1,680 increase 10,080 decrease 4,200 decrease 3,360 decrease Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) CRANE LTD. Cash Flow Statement (Partial)-Direct Method