SKYSONG COMPANY Comparative Statement of Financial Position Dec. 31, 2024 Dec. 31, 2023 Assets Cash $69,000 $43,000 Accounts receivable 70,000 51,000 Inventories 120,000 90,000 Property, plant, and equipment 300,000 240,000 Accumulated depreciation (79,500) (70,000) Land 81,000 98,000 $560,500 $452,000 Liabilities and shareholders' equity Accounts payable $52,000 $46,000 Income taxes payable 12,000 20,000 Bonds payable 119,000 66,000 Common shares 220,000 200,000 Retained earnings 157,500$560,500 120,000 $452,000 Additional information: 1. Some of the land was sold at book value (or carrying value). As a result, there was no gain or loss on this transaction. 2. Equipment costing $45,000 was sold for $15,000, which was $6,700 more than its book value at the time of disposal: Prepare the company's statement of cash flows for 2024 using the indirect method. Assume Skysong follows IFRS and has chosen to classify dividends paid as financing activities. (Show amounts that decrease cash flow with either a - sign e.g, 15,000 or in parenthesis es. (15,000)