Required

Prepare a statement of cash flows for $2023$ that reports the cash inflows and outflows from operating activities according to the indirect method. Show

your supporting calculations. Also prepare a note describing non$-$cash investing and financing activities.

Analysis Component:

Merchandise Inventory, Prepaid Expenses, Notes Payable, and Common Shares are some of the accounts that changed during $2023.$ Explain what

transactions likely caused each of these accounts to increase and$/$or decrease.