IVANHOE SHOES LIMITED Balance Sheet December 31 Liabilities and Shareholders' Equity. Accounts payable Notes payable Common shares \\( \\begin{array}{lr}\\$ 26,460 & \\$ 14,985 \\\\ 13,500 & 40,500 \\\\ 81,000 & 60,750\\end{array} \\) Additional Information: 1. Profit for the year was \\( \\$ 38,205 \\). Dividends declared and paid were \\( \\$ 35,640 \\). 2. Equipment that cost \\( \\$ 13,500 \\) and had accumulated depreciation of \\( \\$ 1,620 \\) was sold for \\( \\$ 5,805 \\). 3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. Prepare a cash flow statement for 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) \\).) Prepare a cash flow statement for 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) \\).) Calculate free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. \\( -15,000 \\) or in parenthesis e.g. (15,000).) Free cash flow