The following information is for Blue Ltd. for the year ended June 30, 202 BLUE LTD. Statement of Financial Position As at June 30 2024 2023 Assets Current assets: Cash $66,900 $47,300 Accounts receivable 99,800 66,700 Inventory 84,000 99,300 Total current assets 250,700 213,300 Equipment 155,900 116,700 Accumulated depreciation, equipment (31,900) (30,400) Land 165,200 200,000 $539,900 $499,600 Liabilities and shareholders' equity Current liabilities Accounts payable $47,300 $70,900 Dividends payable 16,100 7,400 Total current liabilities 63,400 78,300 Bank loan payable 119,200 166,000 Common shares 167,200 111,800 Current liabilities Accounts payable $47,300 $70,900 Dividends payable 16,100 7,400 Total current liabilities 63,400 78,300 Bank loan payable 119,200 166,000 Common shares 167,200 111,800 Retained earnings 190,100 143,500 $539,900 $499,600 BLUE LTD. Statement of Income For the year ended June 30, 2024 Sales revenue Cost of goods sold Gross profit $482,000 259,000 223,000 Expenses Wages expense $63,900 Depreciation expense 15,400 Rent expense 20,000 Income tax expense 18,900 118,200 Operation income 104,800 5,000 Gain on sale of equipment Net income $109,800 Operation income 104,800 Gain on sale of equipment 5,000 Net income $109,800 Additional information: 1. Land was sold at cost and none was purchased during the year. 2. In January, Blue sold for cash equipment that had an original cost of $27,600 and a net carrying amount of $13,700. (a) Using the information above, prepare the statement of cash flows for Blue Ltd. for the year ended June 30, 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLUE LTD. Statement of Cash Flows, Indirect Method +A Using the information above, prepare the statement of cash flows for Blue Ltd. for the year ended June 30, 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLUE LTD. Statement of Cash Flows, Indirect Method A SA $