Question $19$ of $19$Current Attempt in ProgressSelected information from lvanhoe Ltd$\text{'}$s statement of financial position and statement of income is as follows:Current assetsStatement of Financial Position $($partial$)$December $31$Accounts receivableInventoryPrepaid expensesCurrent liabilitiesAccounts payableIncome tax payableIvanhoe Ltd$.$Property tax payableBank loan payable$-$current portion$2024$Cash Fkavws from Operating Activities$$7,600$ $$13,0005,000$Adjustments to reconcile net income to$3,000$$$3,9501\mathrm{.}3002,1005\mathrm{.}500$flow with either a $-$ sign eg $-15,000$ ar in parenthesis es $(15,00$OJ$2023$IVANHOE LTD$\mathrm{.}4,0001,800$$$2,500($a$)$ Prepare the operating activities section of the statement of cash flows using the indirect method. $($Show amounts that decrease cash$7001\mathrm{.}2508,000$Statement of Cash Flows $($Partial$)$For the Ynar Frded December $31,2024$Question $19$ of $19$SalesIvanhoe Ltd$.$Statement of IncomeYear Ended December $31,2024$Cost of goods soldGross profitOperating expensesIncome from operationsInterest expenseIncome before income taxIncome tax expenseNet incomeAdditional information:$$200,000110,00090,00052,00038,0001,10036,9003,800$$$33,1001$ The bank loan was received in the past to finance the purchase of equipment.Operating expenses included depreciation expense of $$11,100$ and a loss of $$5,70$n