The condensed financial statements of Swifty, Inc. appear below:

SWIFTY, INC.

Statement of Income

Year Ended December $31,2024$

Additional information:

New equipment costing $$80,940$ was purchased for cash during the year.

The increase in intangible assets is related to legal fees incurred to trademark new packaging designs.

Accounts payable relate only to merchandise creditors.

Operating expenses included wages expense of $$36,480.$

Interest expense was paid in cash during the year.

Prepare the Statement of Cash Flow for Swifty, Inc. using the indirect method. Assume Swifty follows IFRS and has chosen to classify

interest paid and collected as operating activities and dividends received as operating activities while dividends paid are financing

activities. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$Prepare the Statement of Cash Flow for Swifty, Inc. using the indirect method. Assume Swifty follows IFRS and has chosen to classify

interest paid and collected as operating activities and dividends received as operating activities while dividends paid are financing

activities. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$