Financial statement data for Blue Moving Company for 2024 follow. Assets BLUE MOVING COMPANY Comparative Statement of Financial Position Dec. 31, 2024 Dec. 31, 2023 Cash $68,600 $49,100 Accounts receivable 96,600 61,000 Prepaid insurance 28,400 18,400 Total current assets 193,600 128,500 Property, equipment, and vehicles 400,000 345,000 Accumulated depreciation (110,400) (105,900) Total non-current assets 289,600 239,100 Total assets $483,200 $367,600 Liabilities and shareholders' equity Accounts payable $21,500 $18,600 Wages payable 3,000 4,000 Total current liabilities Bank loan Total liabilities 24,500 22,600 50,000 60,000 74,500 82,600 Common shares 200,000 200,000 Retained earnings 208,700 85,000 Total shareholders' equity 408,700 285,000 Total liabilities and shareholders' equity $483,200 $367,600 BLUE MOVING COMPANY Statement of Income For the year ended December 31, 2024 Moving revenue Gain on sale of vehicles $451,800 4,000 455,800 Expenses Vehicle operating expenses $104,200 Wages expense 132,900 Depreciation expense 59,500 Interest expense 5,400 Total expenses 302,000 Net income $153,800 Additional information: 1. Vehicles that cost $65,000 and had a net carrying amount of $10,000 were sold for $14,000. 2. A cash payment was made to reduce the bank loan. 3. Dividends were declared and paid during the year. Prepare a statement of cash flows for Blue Moving Company for the year ended December 31, 2024, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Supplementary disclosures Cash paid for interest BLUE MOVING COMPANY Statement of Cash Flows, Indirect Method Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Prepaid Insurance Decrease in Wages Payable Depreciation Expense Dividend Paid Gain on Sale of Vehicles Increase in Accounts Payable Increase in Accounts Receivable Increase in Prepaid Insurance Increase in Wages Payable Loss on Sale of Vehicles Net Income Proceeds from the Sale of Vehicles Purchase of Property, Plant, & Equipment Repayment of Bank Loan