The following information is for Windsor Ltd. for the year ended June 30, 2024. WINDSOR LTD. Statement of Financial Position As at June 30 2024 2023 Assets Current assets: Cash $66,900 $47,300 Accounts receivable 95,000 64,200 Inventory 85,000 100,500 Total current assets 246,900 212,000 Equipment 157,000 115,300 Accumulated depreciation, equipment (31,500) (30,500) Land 167,100 200,000 $539,500 $496,800 Liabilities and shareholders' equity Current liabilities Accounts payable $48,400 $71,400 Dividends payable 18,800 6,300 Total current liabilities 67,200 77,700 Bank loan payable 116,300 163,200 Common shares 167,000 108,900 Retained earnings 189,000 147,000 $539,500 $496,800 WINDSOR LTD. Statement of Income For the year ended June 30, 2024 Sales revenue Cost of goods sold Gross profit $484,000 238,000 246,000 Expenses Wages expense $66,100 Depreciation expense 17,100 Rent expense 19,200 Income tax expense 16,100 118,500 Operation income 127,500 Gain on sale of equipment Net income 5,000 $132,500 Additional information: 1. Land was sold at cost and none was purchased during the year. 2. In January, Windsor sold for cash equipment that had an original cost of $28,000 and a net carrying amount of $11,900. Determine the cash flows from operating activities using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WINDSOR LTD. Statement of Cash Flows, Direct Method Net Cash Provided by Operating Activities $ $