Create Statement of Cash Flow with the following given:

Given:

The statement of financial position of Ayala Trading as of December $31,2022$ shows the

following account balances:

Cash$93,000$

Accounts receivable $165,000$

Allowance for doubtful accounts$2,000$

Notes receivable $($trade$)45,000$

Merchandise inventory $105,000$

Prepaid operating expenses $6,000$

Accrued commission revenue $12,000$

Furniture and equipment $240,000$

Accumulated depreciation $-$ furniture and equipment $40,000$

Accounts payable$93,000$

Accrued operating expenses $9,700$

Unearned interest revenue$300$

Share capital$500,000$

Cash transactions during $2023$ are summarized below:

Cash sales$351,100$

Collections from customers after deducting P$3,600$ sales discounts $623,000$

Collections on trade notes receivable$60,000$

Receipt of cash upon issuance of a $60-$day, $12\%$ note to the bank $30,000$

Collections of interest revenue$400$

Collections of commission revenue$45,000$

Refund for purchase returns $2,000$

Cash purchases $103,000$

Payments to creditors after deducting P$5,100$ purchase discounts $506,000$

Acquisition of new furniture $6,000$

Payments of operating expenses $275,000$

Other transactions during $2023$ are as follows:

Worthless accounts receivable written off against the existing allowance $1,500$

Sales returns and allowances credited against the accounts receivable $2,000$

Purchase returns and allowances debited against accounts payable$1,000$

Additional information gathered from various records and other business documents reveals the

assets and liabilities of Ayala Trading as of December $31,2023$:

Cash?

Accounts receivable $155,000$

Allowance for doubtful accounts $2,500$

Merchandise Inventory $124,000$

Prepaid operating expenses $6,800$

Accrued commission revenue $5,000$

Furniture and equipment$246,000$

Accumulated depreciation $-$ furniture and equipment $65,000$

Accounts payable$86,000$

Notes payable$30,000$

Accrued interest expense$200$

Accrued operating expenses $8,500$