Sunny Technologies Inc. began operations on January $1,2022.$ Its post$-$closing trial balance at December $31,2022,$ and $2023$ is shown below along with some other information.

Sunny Technologies Inc.

Income Statement

For Year Ended December $31,2023$

Revenues:

Sales $ $626,400$

Cost of goods sold $482,400$

Gross Profit $144,000$

Expenses and other:

Other expenses $ $154,400$

Depreciation expense $24,800$

Total operating expenses $179,200$

Operating Profit $($Loss$)(35,200)$

Loss on sales of plant assets $20,000$

Profit $($Loss$)$ $ $(55,200)$

Sunny Technologies Inc.

Post$-$Closing Trial Balance

December $31$

Account $20232022$

Cash $ $60,800$ $ $76,980$

Receivables $40,00029,600$

Merchandise inventory $26,40034,400$

Property, plant and equipment $229,600190,580$

Accumulated depreciation $63,20052,000$

Accounts payable $46,84062,400$

Accrued liabilities $10,4005,600$

Notes payable $97,78040,180$

Common shares $49,7808,000$

Retained earnings $88,800163,380$

Other information regarding Sunny and its activities during $2023$:

Assume all accounts have normal balances.

Cash dividends were declared and paid during the year.

Plant assets were sold during the year.

Plant assets worth $$98,400$ were purchased during the year by paying cash of $$31,200$ and issuing a long$-$term note payable for the balance.

Other information:

All accounts payable balances result from merchandise purchases.

All sales are credit sales.

All credits to accounts receivable are receipts from customers.

All debits to accounts payable result from payments for merchandise.

All debits and credits to accrued liabilities result from other expenses.

Required:

Prepare a statement of cash flows for $2023$ using the direct method to report cash inflows and outflows from operating activities. $($List any deduction in cash and cash outflows and loss as negative amounts.$)$