**DO NOT COPY FROM CHAT GPT, GIVE A REAL ANSWER WITH THE INDIRECT METHOD ONLY**

Question 3 (25 marks) Strong Shoes Limited's comparative balance sheet is presented below. Strong reports under ASPE. Additional Information: 1. Profit for the year was $28,300. Dividends declared and paid were $26,400. 2. Equipment that cost $10,000 and had accumulated depreciation of $1,200 was sold for $4,300. 3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instructions A. Prepare a cash flow statement for 2024 using the indirect method. B. Calculate free cash flow