Martinez Ltd. had the following comparative statement of financial position: Cash Martinez Ltd. Comparative Statement of Financial Position As at December 31 Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation-equipment Total assets Accounts payable Salaries and wages payable Interest payable 2023 $19,500 32,300 19,000 2,380 96,970 $21,850 3,800 2022 1,900 $11,900 24,200 28,500 (21,400) (11,900) $148,750 $140,100 1,900 85,500 $19,000 1,900 2,850

Additional information: - Net income for the fiscal year was $12,850. - Equipment that cost $9,500 was sold for a gain of $950 during 2023 . The equipment's accumulated depreciation was $6,650. Prepare the operating activities section of a statement of cash flows using the indirect method. (Show conounts that decrease cash flow with either asign es. 15,000 or in parenthesis es. (15,000). Martinez Ltd. had the following comparative statement of financial position: For the Year Ended December 31, 2023 Operating Activities Net Incomeloss $ 12,850 Depreciation \begin{tabular}{|c|c|c|} \hline Cash & $19,500 & $11,900 \\ \hline Accounts receivable & 32,300 & 24,200 \\ \hline Inventory & 19,000 & 28,500 \\ \hline Prepaid insurance . & 2,380 & 1,900 \\ \hline Equipment & 96,970 & 85,500 \\ \hline Accumulated depreciation-equipment & (21,400) & (11,900) \\ \hline Total assets & $148,750 & $140,100 \\ \hline Accounts payable & $21,850 & $19,000 \\ \hline Salaries and wages payable & 3,800 & 1,900 \\ \hline Interest payable & 1,900 & 2,850 \\ \hline Income tax payable & 3,800 & 4,750 \\ \hline Bank loans & 28,500 & 32,700 \\ \hline Common shares & 61,800 & 61,800 \\ \hline Retained earnings & 27,100 & 17,100 \\ \hline Total liabilities and shareholders' equity & $148,750 & $140,100 \\ \hline \end{tabular}