Grouper Ltd. had the following comparative statement of financial position: Grouper Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash Accounts receivable Inventory $23,600 $14,400 39,100 29,300 23,000 34,500 Prepaid insurance 2.880 2,300 Equipment 117,370 103,500 Accumulated depreciation-equipment (25,900) (14,400) Total assets $180,050 $169,600 Accounts payable $26,450 $23,000 Salaries and wages payable 4,600 2,300 Interest payable 2,300 3,450 Income tax payable 4,600 5,750 Bank loans 34,500 39,600 Common shares 74,800 74,800 Retained earnings 32,800 20,700 Total liabilities and shareholders' equity $180,050 $169,600 Additional information: Net income for the fiscal year was $15,550. Equipment that cost $11,500 was sold for a gain of $1,150 during 2023. The equipment's accumulated depreciation was $8,050. Prepare the statement of cash flows using the indirect format. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)