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Leviathan Manufacturing makes and sells integrated circuit boards. At the end of 2 0 2 3 , the income statement and comparative balance sheet were

Leviathan Manufacturing makes and sells integrated circuit boards. At the end of 2023, the income statement and comparative balance sheet were prepared as shown below.
Leviathan Manufacturing
Balance Sheet
As at March 31
20232022
Assets
Current Assets
Cash $439,215 $120,700
Accounts Receivable $222,800 $250,900
Merchandise Inventory $500,200 $456,300
Prepaid Expenses $21,400 $21,400
Total Current Assets $1,183,615 $849,300
Long-Term Assets
Land $19,600
Equipment $331,600 $331,600
Less: Accumulated Depreciation $-100,400 $-99,100
Total Long-Term Assets $231,200 $252,100
Total Assets $1,414,815 $1,101,400
Liabilities
Current Liabilities
Accounts Payable $307,900 $324,300
Notes Payable, Current Portion $36,600 $29,500
Total Current Liabilities $344,500 $353,800
Notes Payable, Long-Term Portion $207,200 $191,400
Total Liabilities $551,700 $545,200
Shareholders' Equity
Common Shares $291,000 $249,000
Retained Earnings $572,115 $307,200
Total Shareholders' Equity $863,115 $556,200
Total Liabilities and Equity $1,414,815 $1,101,400
Additional Information:
During 2023, land was sold for a loss of $4,800. There was no purchase of equipment. The company did not pay off any amount of the notes payable.
Leviathan Manufacturing
Income Statement
For the Year Ended March 31,2023
Sales $2,879,000
Cost of Goods Sold $1,727,400
Gross Profit $1,151,600
Operating Expenses
Depreciation Expense $1,300
Other Operating Expenses $660,400
Total Operating Expenses $661,700
Income from Operations $489,900
Other Income and Expenses
Loss on Sale of Land $-4,800
Income before Income Tax $485,100
Income Tax $169,785
Net Income $315,315
Prepare the cash flow statement using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.Leviathan Manufacturing
Cash Flow Statement
For the Year Ended March 31,2023
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