Eastern Window Products Limited $($EWPL$)$ has been operating for several years, and the company$$s comparative statements of financial position at December $31,2023$ and $2022,$ i statement of income and retained earnings for the year ended December $31,2023,$ and other additional information are presented below. Assume that, if EWPL is a publicly accountable enterprise, company management has chosen to present interest paid as an operating cash fl and dividends paid as a financing f Comparative Statements of Financial Position $($including an analysis of the change in balancesfrom $2022$ to $2023)$ and Statement of Income and Retained Earnings$$EWPL Statements of Financial Position$$December $3120232022$ Change Increase$/$Decrease $($and reference to items explained below$)$ Cash $$37,000$ $$59,00022,000$ decrease Accounts receivable $46,00056,00010,000$ decrease $($a$)$ Inventory $82,00073,0009,000$ increase $($b$)$ Prepaid expenses $6,0007,5001,500$ decrease $($c$)$ Land $70,000070,000$ increase $($d$)$ Buildings $200,0000200,000$ increase $($d$)$ Accumulated depreciation$$ buildings $(6,000)06,000$ increase $($e$)$ Equipment $68,00063,0005,000$ increase $($f$)$ Accumulated depreciation$$ equipment $(19,000)(10,000)9,000$ increase $($g$)$ Test $202$ : $06$ : $47$ Question $25$ of $30-/5$ $$484,000$ $$248,500$ Accounts payable $$70,000$ $$59,10010,900$ increase $($h$)$ Income taxes payable $4,0001,0003,000$ increase $($i$)$ Salaries and wages payable $2,0002,700700$ decrease $($j$)$ Mortgage payable $152,4000152,400$ increase $($d$)$ and $($k$)$ Bonds payable $50,00040,00010,000$ increase $($l$)$ Common shares $80,00072,0008,000$ increase $($m$)$ Retained earnings $125,60073,70051,900$ increase $($n$)$ $$484,000$ $$248,500$ Statement of Income and Retained Earnings Year Ended December $31,2023$ Sales revenue $$592,000$ Less: Cost of goods sold $355,000$ Gross profit $237,0$ Salaries and wages expense $$55,000$ Interest expense $16,200$ Depreciation expense $15,000$ Other operating expenses $51,000137,200$ Income before income tax $99,800$ Income tax expense $39,900$ Net income $59,900$ Retained earnings, January $173,700$ Dividends declared $(8,000)$ Retained earnings, December $31$ $$125,600$ Test $202$ : $06$ : $47$ Question $25$ of $30-/5($a$)$ Additional information: The company obtained a mortgage of $$155,000$ from a large Canadian bank to help finance t acquisition of the land and building during $2023.$ Prepare a statement of cash flows using the indirect approach for EWPL for $2023.($Sh amountsthat decrease cash