Novak Inc., a greeting card company that follows ASPE, had the following statements prepared as at December $31,2023$:

Additional information:

Dlvidends on common shares in the amount of $$4,000$ were declared and paild during $2023.$ Dlvidends paid are treated as

financing actlvitles.

Depreclation expense is Included In operating expenses, as is salarles and wages expense of $$73,500.$

Equipment with a cost of $$42,000$ that was $70\%$ depreclated was sold during $2023.$

Prepare a statement of cash flows using the Indirect method. $($Show amounts that decrease cash flow with either a negative sign e$.$g$.$

$-15,000$ or in parenthesis e$.$g$.(15,000)).)$