Question 3: Moose Jaw Ltd. (25 marks) The comparative statement of financial position for Moose Jaw Ltd. is as follows: Moose Jaw Ltd. Comparative Statement of Financial Position As at December 31 2021 2020 Cash $20,500 $12,500 Accounts receivable 34,000 25,500 Inventories 20,000 30,000 Prepaid insurance 2,500 2,000 Equipment 102,000 90,000 Accumulated depreciation - equipment (22,500) (12,500) Total assets $156,500 $147,500 Accounts payable $23,000 $20,000 Interest payable 2,000 3,000 Wages payable 4,000 2,000 Income taxes payable 4,000 5,000 Long-term note payable 30,000 34,500 Common shares 65,000 65,000 Retained earnings 28,500 18,000 Total liabilities and equity $156,500 $147,500 More information about Moose Jaws operations for 2021: A machine which the company paid $10,000 for was sold for a gain of $1,000. The equipments accumulated depreciation was $7,000. The company had net income for of $13,500. Required Construct the operating activities section of Moose Jaw Ltd.s statement of cash flows using the indirect method. Use proper form, just like we did in class.