The comparative statement of financial position of Marigold Inc. as at June $30,2023,$ and a statement of comprehensive income for the $2023$ fiscal year follow:MARIGOLD INC.Statement of Financial PositionJune $30,2023$AssetsCashAccounts receivableInventoryPrepaid expensesFV$-$OCl investmentsEquipmentAccumulated depreciation$-$equipmentTotalLiabilities and Shareholders' EquityAccounts payableIncome tax payableDividends payableLong$-$term notes payableCommon sharesRetained earningsAccumulated other comprehensive incomeTotal$$$202320,00086,200104,0002,80048,000171,000(34,400)397,600$June $30$$$202244\mathrm{.}00072,400101\mathrm{.}4005,60044,900158,500(25,000)$$ $401,800114,0001,7004,80080\mathrm{.}70030,100155,00011,30039760\mathrm{.}0$PRE$$102,0003,5000122,00024,200141,9008,200401800$MARIGOLD INC.Statement of Comprehensive Income For the Year Ended June $30,2023$Net sales$$340,000$Cost of goods sold$175,000$Gross profit$165,000$Operating expenses$123,500$Income from operations$41,500$Interest expense$9,000$Income before income tax$32,500$Income tax$5,000$Net income$27,500$Other comprehensive incomeUnrealized gain or loss$-$OCl$3,100$Comprehensive income$ $30,600$Additional information:$1.$ Marigold follows IFRS. Assume that interest is treated as an operating activity for purposes of the statement of cash flows$\mathrm{.}2.$ Operating expenses include $$9,400$ in depreciation expense$\mathrm{.}3.$ There were no disposals of equipment during the year.. Common shares were issued for cash. During the year, Marigold acquired $$8,700$ of equipment in exchange for long$-$term notes payable.$($a$)$Prepare the statement of cash flows for Marigold for the year ended June $30,2023,$ using the indirect method along with any necessary note disclosure. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$MARIGOLD INC.Statement of Cash FlowsVVAdjustments to reconcile net income to net cash provided by operating activities:V$$VVVVVSDuring the year, equipment with a cost of $was purchased in exchange for a note payable.Cash paid during the year for interestCash paid during the year for income tax$$