The comparative statements of financial position of Mikos Inc. as of December $31,2023$ and $2024$ and its statement of earnings for the year ended December $31,2024$ are presented below:

MIKOS INC.

Comparative Statements of Financial Position

December $31$

$20242023$

Assets

Cash $ $10,100$ $ $18,100$

Short$-$term investments $63,70034,300$

Accounts receivable $73,50030,400$

Inventories, at cost $56,20041,100$

Prepaid expenses $5,1008,200$

Land $49,40075,500$

Property, plant, and equipment, net $284,400184,500$

Intangible assets $25,10030,200$

$ $567,500$ $ $422,300$

Liabilities and Shareholders$$ Equity

Accounts payable $ $18,100$ $ $42,200$

Income tax payable $8,2002,100$

Accrued liabilities $11,100-0-$

Long$-$term notes payable $121,000172,000$

Share capital $222,00065,500$

Retained earnings $187,100140,500$

$ $567,500$ $ $422,300$

MIKOS INC.

Statement of Earnings

For the Year Ended December $31,2024$

Sales $ $883,000$

Cost of sales $ $441,000$

Operating expenses $232,000$

Amortization expense$$intangible assets $5,100$

Depreciation expense$$property$,$ plant, and equipment $34,100$

Interest expense $13,100725,300$

Earnings before income taxes $157,700$

Income tax expense $47,310$

Net earnings $ $110,390$

Additional information is as follows:

Land was sold for cash at its carrying amount.

Mikos sells its short$-$term investments within three months of purchasing them.

Cash dividends were declared and paid in $2024.$

New equipment with a cost of $$167,100$ was purchased for cash, and old equipment was sold at its carrying amount.

Long$-$term notes of $$15,500$ were paid in cash, and notes of $$35,500$ were converted to shares.

Required:

$1.$ Prepare a statement of cash flows for Mikos Inc. for the year ended December $31,2024$ by using the indirect method. $($Negative answers should be indicated by a minus sign.$)$The comparative statements of financlal position of Mikos Inc. as of December $31,2023$ and $2024$ and its statement of earnings for the

year ended December $31,2024$ are presented below:

Additional Information is as follows:

a$.$ Land was sold for cash at its carrying amount.

b$.$ Mikos sells its short$-$term Investments within three months of purchasing them.

c$.$ Cash dividends were declared and pald in $2024.$

d$.$ New equipment with a cost of $$167,100$ was purchased for cash, and old equipment was sold at its carrying amount.

e$.$ Long$-$term notes of $$15,500$ were pald in cash, and notes of $$35,500$ were converted to shares.

Required:

Prepare a statement of cash flows for Mikos Inc. for the year ended December $31,2024$ by using the Indirect method. $($Negative

answers should be indicated by a minus sign.$)$