Question: 1.Prepare the operating activities section of the cash flow statement for the year ended December 31, 2023 under ASPE, using the indirect method. Principalpaymentsonnon-currentdebtCollectionsonaccountsreceivableIncreaseinaccountspayableAcquisitionofequipmentbyissuingnon-currentnotepayableDepreciationexpenseCollectionofloanprincipalProceedsfromsaleofinvestments,notincluding$5,100gainIncreaseinaccountsreceivableCashpaymentstopurchasecapitalassetsDecreaseinaccruedliabilitiesPaymentofcashdividendsIncometaxexpenseandpaymentsProceedsfromsaleofcapitalassets,notincluding:$7,400lossNetincomeCashsalesProceedsfromissuanceofcommonsharesIncreaseininventoryLoantoanothercompanyBondspayableconvertedintocommonsharesPaymentstosuppliersDecreaseinprepaidexpensesCashbalance:December31,2022.Cashbalance:December31,2023.$50,000287,50024,30070,00071,30058,00049,1007,20062,00030,60046,50039,30022,600147,100217,400300,00041,70060,000130,000283,10012,80062,500452,000

1.Prepare the operating activities section of the cash flow statement for the year ended December 31, 2023 under ASPE, using the indirect method.

Principalpaymentsonnon-currentdebtCollectionsonaccountsreceivableIncreaseinaccountspayableAcquisitionofequipmentbyissuingnon-currentnotepayableDepreciationexpenseCollectionofloanprincipalProceedsfromsaleofinvestments,notincluding$5,100gainIncreaseinaccountsreceivableCashpaymentstopurchasecapitalassetsDecreaseinaccruedliabilitiesPaymentofcashdividendsIncometaxexpenseandpaymentsProceedsfromsaleofcapitalassets,notincluding:$7,400lossNetincomeCashsalesProceedsfromissuanceofcommonsharesIncreaseininventoryLoantoanothercompanyBondspayableconvertedintocommonsharesPaymentstosuppliersDecreaseinprepaidexpensesCashbalance:December31,2022.Cashbalance:December31,2023.$50,000287,50024,30070,00071,30058,00049,1007,20062,00030,60046,50039,30022,600147,100217,400300,00041,70060,000130,000283,10012,80062,500452,000

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