Question 6 [25 points] Callaho Inc. began operations on January 1, 2022. Its adjusted trial balance at December 31, 2023 and 2024 is shown below Other information regarding Callaho Inc. and its activities during 2024 follow in (a) through (e): a. Assume all accounts have normal balances. b. Equipment was sold for cash of $32,900. c. Old machinery was sold for cash of $30,200. New machinery was purchased for $42,000 cash. d. Share capital was issued for cash. e. Cash dividends were declared and paid. Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 3 Callaho Inc. Adjusted Trial Balance December 31 (select one) Statement of Cash Flows (select one) Account 2024 2023 Accounts Payable Accounts Receivable Accumulated Depreciation, Equipment 31,470 40,000 72,900 92,625 2,600 78,500 Accumulated Depreciation, Machinery 8,400 68,000 Allowance for Doubtful Accounts Depreciation Expense, Equipment, 7,900 19,625 6,700 6,700 Depreciation Expense, Machinery 11,100 11,100 Cash Cash Dividends 318,960 315,000 58,000 58,000 Equipment 18,400 132,000 Machinery 62,300 123,000 Merchandise Inventory 109,120 88,500 Long-term Notes Payable, 69,100 86,000 Other Expenses (including losses). 540,000 10,000 Retained earnings Revenues (including gains). Share capital Unearned Revenue 86,000 91,000 599,800 80,800 354,000 324,000 38,210 49,000