Current Attempt in Progress Presented below is the comparative balance sheet for Crane Inc., a private company reporting under ASPE, at December 31, 2024, and 2023: Additional information: 1. Cash dividends of $12,300 were declared. 2. A long-term investment was acquired for cash at a cost of $83,230. 3. Depreciation expense is included in the operating expenses. 4. The company issued 8,610 common shares for cash on March 2,2024 . The fair value of the shares was $10 per share. The proceeds were used to purchase additional equipment. 5. Equipment that originally cost $24,600 was sold during the year for cash. The equipment had a carrying value of $7,380 at the time of sale. 6. The company issued a note payable for $22,960 and repaid $2,460 by year end. 7. All purchases of inventory are on credit. 8. Accounts payable is used only to record purchases of inventory. Prepare a cash flow statement for the year using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000)