generate the cash flow statement in proper form for December $2023$ using

the indirect method. Ocean Freight, Inc.

Income Statement

For year ended, $ thousands

Revenue

Cost of revenue

Gross profit

Product development

Marketing and administrative

Amortization of intangibles

Restructuring and other, net

Total operating expenses

Income from operations

Interest income

Interest expense

Other, net

Other expense, net

Income before income taxes

$($Benefit$)$ provision for income taxes

Net income

Ocean Freight, Inc.

Balance Sheet

$ thousands

Current assets

Cash and cash equivalents

Accounts receivable, net

Inventories

Other current assets

Total current assets

Property, equipment and leasehold improvement

Goodwill

Other intangible assets, net

Deferred income taxes

Other assets,net

Total Assets

Current liabilities

Accounts payable

Accrued employee compensation

Accrued warranty

Accrued expenses

Total current liabilities

Long$-$term accrued warranty

Long$-$term accrued income taxes

Other noncurrent liabilities

Long$-$term debt, less current portion

Total Liabilities

Shareholders' equity

Ordinary shares$$par value $$00001,26$ billion shares authorized

Additional paid$-$in capital

Accumulated other comprehensive loss

Accumulated deficit

Total shareholders' equity

Total liabilities and shareholders' equity

Supplemental Information

Depreciation expense $($included in operating expenses$)$

Stock$-$based compensation

Amortization expense

Capital expenditures

Dividends

$ $1,420$ $ $1,495$

$169,175$

$91,98$

$\backslash$table$[[,552,,578],[$$$,2,232,$$$,2,346],[,104,,109]]$