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

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$.$

$(15,000).$