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 $ $10,800$ $ $18,800$

Short$-$term investments $75,60043,400$

Accounts receivable $77,00033,200$

Inventories, at cost $57,60041,800$

Prepaid expenses $5,8009,600$

Land $52,20079,000$

Property, plant, and equipment, net $287,200188,000$

Intangible assets $25,80031,600$

$ $592,000$ $ $445,400$

Liabilities and Shareholders$$ Equity

Accounts payable $ $18,800$ $ $43,600$

Income tax payable $9,6002,800$

Accrued liabilities $11,800-0-$

Long$-$term notes payable $128,000186,000$

Share capital $236,00069,000$

Retained earnings $187,800144,000$

$ $592,000$ $ $445,400$

MIKOS INC.

Statement of Earnings

For the Year Ended December $31,2024$

Sales $ $904,000$

Cost of sales $ $448,000$

Operating expenses $239,000$

Amortization expense$$intangible assets $5,800$

Depreciation expense$$property$,$ plant, and equipment $34,800$

Interest expense $13,800741,400$

Earnings before income taxes $162,600$

Income tax expense $48,780$

Net earnings $ $113,820$

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 $$167,800$ was purchased for cash, and old equipment was sold at its carrying amount.

Long$-$term notes of $$19,000$ were paid in cash, and notes of $$39,000$ 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.$)$