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need in a hour Question 2 (15 marks) The following information relates to Heavy Metal ine Additional information: 1. The carrying amount of the equipment

need in a hour
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Question 2 (15 marks) The following information relates to Heavy Metal ine Additional information: 1. The carrying amount of the equipment at the end of 2022 and 2021 was determined as follows: 2. Equipment costing \\( \\$ 20,000 \\) was purchased during the year in exchange for common shares instead of cash. There were no other non-cash transactions during the year. 3. Equipment was sold during the year. The equipment had a cost of \\( \\$ 11,000 \\) and accumulated depreciation of \\( \\$ 5,000 \\). Required: Prepare a statement of cash flows for the year ended December 31,2022, using the indirect method. Space is provided for your response on the next page of this exam

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