LAG Network Inc.s balance sheet and income statement are as follows: LAG Network Inc. Income Statement For Year Ended December 31, 2023 Sales $ 922,600 Cost of goods sold 550,200 Gross profit $ 372,400 Operating expenses: Depreciation expense $ 25,200 Other expenses 219,800 Total operating expenses 245,000 Profit from operations $ 127,400 Income taxes 12,600 Profit $ 114,800 LAG Network Inc. Comparative Balance Sheet Information December 31 2023 2022 Assets Cash $ 81,130 $ 53,200 Accounts receivable 40,400 37,200 Merchandise inventory 290,770 238,600 Equipment 148,400 137,200 Accumulated depreciation (65,800 ) (40,600 ) Total assets $ 494,900 $ 425,600 Liabilities and Equity Accounts payable $ 25,200 $ 37,800 Income taxes payable 5,600 4,200 Common shares 357,000 346,500 Retained earnings 107,100 37,100 Total liabilities and equity $ 494,900 $ 425,600 Additional information regarding LAG Network Inc.s activities during 2023: Equipment is purchased for $11,200 cash. 4,200 common shares are issued for cash at $2.50 per share. Declared and paid $44,800 of cash dividends during the year. Required: Prepare a statement of cash flows for 2023 that reports the cash inflows and outflows from operating activities according to the indirect method. (List any deduction in cash and cash outflows as negative amounts.)