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The comparative statements of financial position for Marwa Ltd . at December 3 1 , 2 0 2 4 and 2 0 2 3 ,

The comparative statements of financial position for Marwa Ltd. at December 31,2024 and 2023, are presented below:
Comparative Statements of Financial Position
As at December 31
20242023
Cash $ 18,000 $ 64,500
Accounts receivable 43,00028,000
Merchandise inventory 18,00025,500
Prepaid expenses 12,00013,000
Property, plant, and equipment, net 1,070,000654,000
Total assets $ 1,161,000 $ 785,000
Accounts payable $ 31,500 $ 27,500
Income tax payable 14,00022,000
Notes payable, due Nov. 1,202530,50060,500
Share capital 188,000158,000
Retained earnings 897,000517,000
Total liabilities and shareholders equity $ 1,161,000 $ 785,000
The statement of earnings for 2024 showed the following information:
Sales $ 3,600,000
Gross profit 2,100,000
Operating expenses (includes depreciation of $61,000)1,000,000
Interest expense 55,000
Income tax expense 200,000
As well, property, plant, and equipment were acquired for $515,000 cash during 2024. Also during 2024, property, plant, and equipment were sold at their carrying amount in exchange for cash.
Required:
1. Prepare a complete statement of cash flows for Marwa Ltd. for the year 2024. Use the indirect method for the operating section.

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