Question 3 of 3 Total Liabilities and 5 hareholders' Equity Accounts payable Income tax payable Dividends payable Long-term notes payable Commonshares Retainedearnines Accumulated other comprohensive income Total 5/10 5395,300 5399,800 \$ 115,000 5. 104,000 1.600 3,700 5.500 0 83.200 120.500 30.600 23,700 148,200 139,300 11.200 5. 395,300 AYAYAIINC. Statement of Comprehensive Income For the Year Ended June 30, 2023 Netrales $325,000 Cost of goods sold 170,000 icansisinecofit 15sinx Additional information: 1. Ayayai follows IFRS. Assume that interest is treated as an operating activity for purposes of then statement of cash flows. 2. Operating expenses include $10,000 in depreciation expense. 3. There were no disposals of equipment during the vear. 4. Common shares were issued for cash. 5. During the year, Ayayad acquired $7,300 of equipment in exchange for long-term notes payshle. AYAYAI INC. Statement of Comprehensive Income For the Year Ended June 30, 2023 Net sales 5/10 \begin{tabular}{|c|c|} \hline AYAYAIINC.StatementofComprehensiFortheYearEndedJune & Income2023 \\ \hline Net sales & $325,000 \\ \hline Cost of Boods sold & 170,000 \\ \hline Gross profit & 155,000 \\ \hline Operating expenses & 121,000 \\ \hline Income from operations & 34,000 \\ \hline Interest expense & B,600 \\ \hline Income before income tax & 25,400 \\ \hline Income tax & 5,700 \\ \hline Net income & 19,700 \\ \hline \multicolumn{2}{|l|}{ Other comprehensive income } \\ \hline Unrealized gain or loss- OCI & 2,600 \\ \hline Comprehensive income & $22,300 \\ \hline \end{tabular} The comparative statement of financial position of Ayayai Inc. as at June 30,2023, and a statement of comprehensive income for the 2023 fiscal year follow: Prepare the operating activities section of the statement of cash flows for Ayayai using the direct method, (Show amcunts that decrease cash flow with either a stogn eg. 15,000 or in parenthesis es (15,000) )