Current Attempt in Progress

Ivanhoe Corporation's comparative balance sheet is presented below.

$\backslash$table$[[\backslash$table$[[$IVANHOE CORPORATION$],[$Balance Sheet$],[$December $31]]],[$Assets$,2024,2023],[$Cash$,$$$15,730,$$$11,770$

$.\frac{?}{17}$

Additional information:

Profit for the year was $$24,890.$ Dividends declared and paid were $$21,450.$

No noncash investing and financing activities occurred during $2024.$

The land was sold for cash of $$5,390,$ resulting in a loss of $$1,210$ on the sale of the land.

Prepare a cash flow statement for $2024$ using the indirect method. Ivanhoe Corporation reports under ASPE. $($Show amounts that decrease cash flow with either $a-$ sign eg$.-15,000,$ or in parenthesis eg$.(15,000).$

IVANHOE CORPORATION

Cash Flow Statement

Operating Activities

Profit for the Year

$

Adjustments to reconcile profit to

Operating Activities

Depreciation Expense

Loss on Sale of Land

Decrease in Accounts Receivable

Decrease in Accounts Payable