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The comparative balance sheet for Crane Adventures Ltd . , a private company reporting under ASPE, follows:CRANE ADVENTURES LTD . Balance SheetDecember 3 1 AssetsCashAccounts

The comparative balance sheet for Crane Adventures Ltd., a private company reporting under ASPE, follows:CRANE ADVENTURES LTD.Balance SheetDecember 31AssetsCashAccounts receivableInventoryPrepaid expensesLandEquipmentAccumulated depreciationTotal assets\deg Type here to search.2024$55,04097,280204,80015,36064,000345,600(115,200)$666,880322023$16,128108,800220,1606,40096,000243,200(51,200)$639,488Liabilities and Shareholders' EquityAccounts payable$55,040$48,640Dividends payable9,6006,400Income tax payable3,2007,680- Bonds payable153,600230,400Common shares264,960213,760Retained earnings.180,480132,608Total liabilities and shareholders' equity$666,880$639,488Additional information:1. Profit for 2024 was $89,472.2. Bonds payable of $76,800 were retired at maturity.3. Common shares were issued for $51,200.4. Land was sold at a loss of $12,800.5. No equipment was sold during 2024.6. Net sales for the year were $867,840.7. Cost of goods sold for the year was $562,944.8. Operating expenses (not including depreciation expense) were $102,400.9. Interest expense was $6,400.10. Income tax expense was $29,824.Prepare a cash flow statement using the direct method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g.(15,000).)CRANE ADVENTURES LTD.Cash Flow Statement - Direct Method

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