Ivanhoe Corporation's comparative balance sheet is presented below. IVANHOE CORPORATION Balance Sheet December 31 Assets 2024 2023 Cash $12,300 $9,200 Accounts receivable 18,230 20,120 Land 17,200 22,360 Building 60,200 60,200 Accumulated depreciation-building (12,900) (8,600) Total $95,030 $103,280 Liabilities and Shareholders' Equity Accounts payable $10,640 $26,750 Common shares 64,500 59,340 Retained earnings 19,890 17,190 Liabilities and Shareholders' Equity Accounts payable $10,640 $26,750 Common shares 64,500 59,340 Retained earnings 19,890 17,190 Total $95,030 $103,280 Additional information: 1. Profit for the year was $19,460. Dividends declared and paid were $16,760. 2. No noncash investing and financing activities occurred during 2024. 3. The land was sold for cash of $4,210, resulting in a loss of $950 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Ivanhoe Corporation reports under ASPE. (Show amo decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000)). IVANHOE CORPORATION Cash Flow Statement Year Ended December 31, 2024 Adjustments to reconcile profit to S $ Tyne here to search Toythook and Medin > $ SA