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 ManufacturingBalance SheetAs at March $3120232022$AssetsCurrent AssetsCash$$344,590$$$122,400$Accounts Receivable$$223,900$$$251,300$Merchandise Inventory$$514,300$$$467,400$Prepaid Expenses$$21,200$$$21,200$Total Current Assets$$1,103,990$$$862,300$Long$-$Term AssetsLand$$18,500$Equipment$$338,600$$$338,600$Less: Accumulated Depreciation$$-109,900$$$-96,200$Total Long$-$Term Assets$$228,700$$$260,900$Total Assets$$1,332,690$$$1,123,200$LiabilitiesCurrent LiabilitiesAccounts Payable$$318,600$$$325,000$Notes Payable, Current Portion$$34,100$$$25,900$Total Current Liabilities$$352,700$$$350,900$Notes Payable, Long$-$Term Portion$$206,800$$$197,300$Total Liabilities$$559,500$$$548,200$Shareholders' EquityCommon Shares$$279,000$$$254,000$Retained Earnings$$494,190$$$321,000$Total Shareholders' Equity$$773,190$$$575,000$Total Liabilities and Equity$$1,332,690$$$1,123,200$Additional Information:During $2023,$ land was sold for a loss of $$5,500.$ There was no purchase of equipment. The company did not pay off any amount of the notes payable.Leviathan ManufacturingIncome StatementFor the Year Ended March $31,2023$Sales$$2,772,000$Cost of Goods Sold$$1,663,200$Gross Profit$$1,108,800$Operating ExpensesDepreciation Expense$$13,700$Other Operating Expenses$$735,000$Total Operating Expenses$$748,700$Income from Operations$$360,100$Other Income and ExpensesLoss on Sale of Land$$-5,500$Income before Income Tax$$354,600$Income Tax$$124,110$Net Income$$230,490$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 ManufacturingCash Flow StatementFor the Year Ended March $31,2023$Cash Flow from Operating ActivitiesNet IncomeAnswerAdjustments to Reconcile Net Income to CashDepreciationAnswerLoss on Sale of LandAnswerChange in Operating Assets and LiabilitiesDecrease in Accounts ReceivableAnswerIncrease in Merchandise InventoryAnswerDecrease in Accounts PayableAnswerNet Cash Provided $($Used$)$ by Operating ActivitiesAnswerCash Flow from Investing ActivitiesSale of LandAnswerNet Cash Provided $($Used$)$ by Investing ActivitiesAnswerCash Flow from Financing ActivitiesProceeds from Notes PayableAnswerPayment of Cash DividendAnswerIssue of Common SharesAnswerNet Cash Provided $($Used$)$ by Financing ActivitiesAnswerNet Increase $($Decrease$)$ in CashAnswerCash at the Beginning of the YearAnswerCash at the End of the YearAnswer