Sandhill Ltd, which follows ASPE had the following comparative statement of financial position: Accumulated depreciation-equipment (71,200)(51,200) Patents Total assets Liabilities and Shareholders' Equity Accounts payable Notes payable Salaries and wages payable $91,6008,20015,600$79,30011,9007,300 Income taxes payable Long term note payable Common shares Retained earnings Total liabilities and shareholders' equity Additional information: - Netincome for the fiscal year was $52,000. - Equipment that cost $41,600 and was 70% depreciated was sold during 2024, for a gain of $4,500. - No patents were purchased or sold during the fiscal year. - The current Notes Payable are trade payables issued by Sandhill Ltd. for the purchase of inventory. Prepare the operating activities section of a statement of cash flows using the indirect format: (Show amounts that decrease cash flow with either a-sign es. 15,000 or in parenthesis es. (15,000)