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Ivanhoe Adventures Ltd$.($IAL$)$ is a Canadian manufacturer of Class B motorhomes. The company has been experiencing exponential

growth and is preparing to raise additional capital to fund its growth. As the vice$-$president of finance, you are tasked with preparing

the statement of cash flows that is required as part of the loan application or a public offering. You have the statement of financial

position and the statement of income to help you prepare the statement of cash flows. In addition, you also have the following

information:

In October, IAL acquired land with a value of $$224,400$ by issuing common shares with an equivalent value. The land is to be

used as a site for a new manufacturing facility IAL hopes to construct in the next year.

In February, IAL sold equipment for $$11,000$ cash. The equipment had originally cost $$224,400$ and had a net carrying

amount of $$28,800$ at the time of sale.

During the year, the company borrowed $$24,100$ by increasing its bank loan payable.

Liabilities and shareholders' equity

Current liabilities

$2$uestion $3$ of $3$

Using the information above, prepare the statement of cash flows for Ivanhoe Adventures Ltd$.$ for the year ended Mar

$2024,$ using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.-15,000$ or in parenthesise,