Comparative balance sheet Income statement Additional data Additional information: a. The administrative expenses included Amortization expense on equipment. $104,000 Writedown of goodwill, $16,000. b. Sold equipment for its book value. The equipment cost $461,000 and had been amortized for $56,000. c. Purchased additional equipment in December for $576,000 d. Issued preferred shares for an investment purchase of $215,000. e. Declared and paid cash dividends: preferred, \$246,000; common, $323,000 f. Sold 20,000 preferred shares for $6.00 per share g. Paid $102,000 (of which $42,000 was interest) on the loans. The financial statements for Zaibak Corp. for the year ended December 31,2023 , are as follows: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) (Click the icon to view the additional data.) Required 1. Prepare a cash flow statement for Zaibak Corp. for the year ended December 31,2023, using the indirect method. The investment in the money market fund is a cash equivalent. 2. Did the company improve its cash position in 2023 ? Give your reasons. Requirement 1. Prepare a cash flow statement for Zaibak Corp. for the year ended December 31, 2023, using the indirect method. The investment in the money market fund is a cash equivalent. (Use parentheses or a minus sign for numbers to be subtracted or for negative cash flows.)