The comparative statement of financial position of Marigold Corporation as at December $31,2023,$ follows: Statement of Cash Flows

For the Year Ended December $31,2023$

Cash Flows from Operating Activities

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation Expense

Gain on Disposal of Equipment

Increase in Accounts Receivable

Increase in Accounts Payable

Proceeds from Sale of Equipment

Purchase of Equipment

Net Cash Used by Investing Activities

Cash Flows from Financing Activities

Payment of Cash Dividends

Issuance of Common Shares

Net Cash Provided by Financing Activities

Cash at Beginning of Year

Net income of $$36,300$ was reported and dividends of $$12,800$ were declared and paid in $2023.$ New equipment was purchased, and

equipment with a carrying value of $$4,800($cost of $$11,800$ and accumulated depreciation of $$7,000)$ was sold for $$7,700.$

Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Marigold prepares

financial statements in accordance with ASPE. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.$

$(15,000).$