1. Prepare a cash flow statement for Clementine Sales Corp. for the year ended December 31, 2023, using the indirect method. Consider the investments in money market funds to be a cash equivalent.

2. Comment on the results indicated by the cash flow statement.

Can someone PLEASE help me with the steps to completing this cashflow statement using the INDIRECT method? I have tried several times and cannot seem to get the right numbers. I would greatly appreciate your help!!! Thank you very much.

Additional data Income statement Additional information: a. The administrative expenses included: Amortization expense on equipment =$24,500 Writedown of goodwill =$6,000 b. Sold equipment for its net book value. The equipment cost $50,000 and had been amortized for $16,000. c. Purchased additional equipment for $106,000. d. Exchanged common shares for land valued at $100,000. e. Declared and paid cash dividends on common shares, $11,340. f. Repurchased common shares for $55,000. g. Paid $41,100 (of which $10,100 was interest) on the loans. Balance sheet Decrease in accounts payable Increase in salaries payable Net cash inflow from operating activities Cash flows from investing activities Sale of equipment Pashase of equipment Payment of dividends Payment of loan payable Repurchase of common shares Net cash outflow from financing activities Net increase (decrease) in cash Cash and cash equivalents, January 1,2023 Balance sheet Clementine Sales Corp. Cash Flow Statement For the Year Ended December 31, 2023 Cash flows from operating activities Net income Add (subtract) items that affect net income and cash flow differently: Amortization expense-Equipment Write-down (loss) of goodwill Decrease in accounts receivable Decrease in inventory Increase in prepaid expenses