Additional information:

New equipment costing $$60,940$ was purchased for cash during the year.

The increase in intangible assets is related to legal fees incurred to trademark new packaging designs

Accounts payable relate only to merchandise creditors.

Operating expenses included wages expense of $$36,490.$

Interest expense was paid in cash during the year.

Prepare the Statement of Cash Flow for Swifty, Inc. using the indirect method. Assume Swifty follows IFRS and has chosen to classify

interest paid and collected a operating activities and dividends received $as$ operating activities while dividends paid are financing

activities. $($Show omounts that decrease cosh flow with either a$-$sign eg$.-15,000$ or in parenthesis e$.(15,000))$