Current Attempt in Progress Information from the balance sheet and income statement is given below for Monty Inc., a private company reporting under ASPE, for the year ended December 31 . Additional information: 1. Investments in land were sold at cost during 2024. 2. Equipment costing $61,600 was sold for $17,105, resulting in a gain. 3. Common shares were issued in exchange for some equipment during the year. No other shares were issued. 4. The remaining purchases of equipment were paid for in cash. Prepare a cash flow statement for the year ended December 31, 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) MONTY IIE Ceh Flow Sthtement - Indlirect Method Fer the "Near Tness Descmber21. 2024 Net Gath Ured by Doeratirr Astivlter Eellectlarufiem Cuaternera $ Achustments to remnole proft to $ Nota Xeslomifcant ronaeh Investing and francing aetliltise. Egulemant wheh o ous of way purchasd In cecharge for commen ahares. Save for Later Last aswad 13 deya apa Attempts: 0 of 5 used Seved wark will be autaralemitted on the dua dste Auter submlal on can tala up to 10 minutas. Question 1 of 2 /15 MONTY INC. Cash Flow Statement - Indirect Method For the Year Ended December 31, 2024 Net Cash Used by Operating Activities Collections from Customers $ Adjustments to reconcile profit to Note X : Significant noncash investing and financing activities: Equipment with a cost of \$ was purchased in exchange for common shares. Last saved 13 days ago. Attempts: 0 of 5 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes