Each of the following items must be considered in preparing a statement of cash flows $($indirect method$)$ for Bastille Inc., which follows

IFRS, for the year ended December $31,2023.$

Identify the amount and classification $($if any$)$ of each item in the statement of cash flows prepared using the indirect method. $($Do not

leave any answer field blank. Enter $0$ for amounts. Show amounts that decrease cash flow with either a negative sign e$.$g$.-25,000$ or in

parenthesis e$.$g$.(25,000).)$

Equipment that cost $$40,000$ six

years before and was being

depreciated on a straight$-$line basis

over $10$ years with no estimated

residual value was sold for $$5,300.$

Profit $/$ loss on sale of equipment

$

Proceeds from sale of equipment

During the year, $10,000$ common

shares were issued for $$41$ cash per

share.

Uncollectible accounts receivable in

the amount of $$27,000$ were written

off against the allowance for

expected credit losses.

The company sustained a net loss for

the year of $$10,000.$ Depreciation

amounted to $$22,000.$ A gain of

$$9,000$ was reported on the sale of

land for $$39,000$ cash.

Net loss

Depreciation

The gain on disposal of land

Proceeds from the sale of land

A three$-$month Canadian treasury bill

was purchased for $$50,000$ on

November $13,2023.$ The company

uses a cash and cash$-$equivalent basis

for its statement of cash flows.

An impairment of $$40,000$ was

recorded on goodwill.

Patent amortization for the year was

$$18,000.$

The company exchanged common

shares for a $40\%$ interest in TransCo

Corp. for $$900,000.$

The company accrued an unrealized

loss of $$10,000$ on investments

accounted for at FV$-$NI$.$