The following information is provided for Crane Chocolate Corp., which reports under ASPE: CRANE CHOCOLATE CORP. Balance Sheet May $31$ Assets $20242023$ Cash $$24,970$ $$37,105$ Accounts receivable $70,97063,345$ Inventory $145,960129,765$ Prepaid expenses $4,3455,575$ Land $105,00063,000$ Equipment $257,000158,000$ Accumulated depreciation$-$equipment $(58,385)(31,365)$ Total assets $$549,860$ $$425,425$ Liabilities and Shareholders' Equity Accounts payable $$34,400$ $$31,365$ Dividends payable $5,5754,345$ Income tax payable $2,0505,165$Mortgage payable $102,50064,165$ Common shares $176,700134,700$ Retained earnings $228,635185,685$ Total liabilities and shareholders' equity $$549,860$ $$425,425$ Additional information: $1.$ Profit for $2024$ was $$93,270.2.$ Common shares were issued for $$42,000.3.$ Land with a cost of $$42,000$ was sold at a loss of $$15,825.$ Purchased land with a cost of $$84,000$ with a $$45,665$ down payment and financed the remainder with a mortgage note $4.$ payable. $5.$ No equipment was sold during $2024.6.$ Net sales for the year were $$552,400.7.$ Cost of goods sold for the year was $$327,800.8.$ Operating costs, including depreciation expense, were $$80,100.9.$ Interest expense was $$4,345.10.$ Income tax expense was $$31,060\mathrm{.}11.$ Accounts payable is used for merchandise purchases. Prepare a cash flow statement for the year using the direct method.