Question: Given the following information for Grumpy Cat Incorporated, prepare their statement of cash flows for December 31, 2023 under ASPE. 20232022Cash375,000250,000Accounts receivable85,00075,000Interest receivable5,0006,000Inventory80,00095,000Prepaid Expenses48,00010,000Non-current -

Given the following information for Grumpy Cat Incorporated, prepare their statement of cash flows for December 31, 2023 under ASPE.

20232022Cash375,000250,000Accounts receivable85,00075,000Interest receivable5,0006,000Inventory80,00095,000Prepaid Expenses48,00010,000Non-current - Note90,000125,000Property, plant and Equipment (net of depreciation)325,000330,000Accounts payable33,00020,000Accrued liabilities45,00056,000Common Shares825,000755,000Retained Earnings105,00060,000Net income50,000Depreciation expense2,000Gain on sale of property1,500

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