Monty Inc., a major retailer of high$-$end office furniture, operates several stores and is a publicly traded company. The company is currently preparing its statement of cash flows. The comparative statement of financial position and income statement for Monty as at May $31,2023,$ are as follows:

Monty Inc.

Statement of Financial Position

May $31,2023,$ and May $31,2022$

$2023$

$2022$

Assets

Cash

$$59,200$

$$23,100$

Accounts receivable

$77,000$

$55,400$

Inventory

$188,100$

$199,000$

Prepaid insurance

$8,700$

$6,800$

Total current assets

$333,000$

$284,300$

Plant assets

$581,000$

$512,000$

Less: Accumulated depreciation

$145,300$

$120,300$

Net plant assets

$435,700$

$391,700$

Total assets

$$768,700$

$$676,000$

Liabilities and Shareholders' Equity

Accounts payable

$$122,000$

$$114,200$

Salaries and wages payable

$11,200$

$12,900$

Interest payable

$5,100$

$2,500$

Total current liabilities

$138,300$

$129,600$

Mortgage payable

$83,000$

$100,000$

Total liabilities

$221,300$

$229,600$

Shareholders' equity

Common shares

$405,000$

$370,000$

Retained earnings

$142,400$

$76,400$

Total shareholders' equity

$547,400$

$446,400$

Total liabilities and shareholders' equity

$$768,700$

$$676,000$

Monty Inc.

Income Statement

For the Year Ended May $31,2023$

Sales

$$960,000$

Cost of goods sold

$422,000$

Gross margin

$538,000$

Expenses

Salaries and wages expense

$208,900$

Other operating expenses

$121,600$

Depreciation expense

$25,000$

Total operating expenses

$355,500$

Operating income

$182,500$

Interest expense

$26,100$

Income before income tax

$156,400$

Income tax expense

$55,400$

Net earnings

$$101,000$

The following is additional information about transactions during the year ended May $31,2023,$ for Monty, which follows IFRS.

$1.$ Plant assets costing $$69,000$ were purchased by paying $$47,000$ in cash and issuing $5,000$ common shares.

$2.$ In order to supplement its cash, Monty issued $4,000$ additional common shares.

$3.$ Cash dividends of $$35,000$ were declared and paid at the end of the fiscal year. Dividends paid are treated as financing

activities.

$1.)$ Prepare a statement of cash flows for Monty for the year ended May $31,2023$ using the direct method.

$2.)$ Schedule of non$-$cash investing and financing activities $$?$

Please provide detailed solutions. Thank you so much.