The comparative statement of financial position of Ayayar Inc. as at June 30, 2017, and a statement of comprehensive income for the 2017 fiscal year follow: AYAYAI INC. Statement of Financial Position June 30, 2017 June 30 Assets 2017 2016 Cash $ 14,800 $ 28,120 Accounts receivable 63,640 54,760 Inventory 76,220 75,480 Prepaid expenses 1,480 4,440 Fair Value OCI Investments 34,780 33,300 Equipment 128,020 117,660 Accumulated depreciation (25,900) (18,500) Total $293,040 $295,260 Liabilities and Shareholders' Equity Accounts payable $ 85,100 $ 74,000 Income taxes payable 1,480 2,220 Dividends payable 3,700 0 Long-term notes payable 62,160 88,060 Common shares 22,940 17,760 Retained earnings 109,520 106,560 Accumulated other comprehensive income 8,140 6,660 Total $293,040 $295,260 AYAYAI INC. Statement of Comprehensive Income For the Year Ended June 30, 2017 AYAYAI INC. Statement of Comprehensive Income For the Year Ended June 30, 2017 Net sales $239,020 Cost of goods sold 129,500 Gross profit 109,520 Operating expenses 88,800 Income from operations 20,720 Interest expense 5,660 Income before income taxes 14,060 Income taxes 4,440 Net income 9,620 Other comprehensive Income Unrealized gain on FV-Oct investments 1,480 Comprehensive income $ 11,100 Additional information: 1. Ayayai follows IFRS. Assume that interest is treated as an operating activity for purposes of the statement of cash flows. 2. Operating expenses include $7,400 in depreciation expense. 3. There were no disposals of equipment during the year. 4. Common shares were issued for cash 5. During the year, Ayayai acquired $5,920 of equipment in exchange for long-term notes payable. RET Wepare the statement of cash flow for Ayay for the year ended June 30, 2017, using the Indirect method song with my ear motor Show me that with the 15, or in these.. (15,000)) AYAYAI INC Statement of Cash Flows Adjustments to reconcile not come to net cash provided by operating activities Artist Wide