help with cash flow statement DIRECT METHOD

interest revenue?

how to calculate operating expenses?

Presented is the comparative balance sheet for Ivanhoe inc, a private company reporting under ASPE, at dec 31,2024 and 2023

Prepare a cash flow statement for the year using the direct method.

thephine 1. NANHOEINC Income Statement Year Ended Decsmber 31, 2024 Sakes $570,160 Cost of goods sold Gross profit 198,660371,520 Operating expenses $126,850 LossonsaleofequipmentProfitfromoperations690129,430 Interest expense 2.580 Interest revenue Profit before income tax 70.520(3.870) Income taxexpense Profit for the year 12,040588.460 1. Cash dividends of $12,900 were declared. 2. A long-term investment was acqulred for cash at a cost of $87,290. 3. Depreciation expense is included in the operating expenses. 4. The company issued 9,030 common shares for cash on March 2.2024. The falr value of the shares was $10 per share. The proceeds were used to purchase additional equipment 5. Equipment that originally cost $25,800 was sold during the year for cash. The equiprnent had a carrying value of $7.740 at the time of sale. 6. The company issued a note payable for $24,080 and repaid $2,580 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 eg - 15 , 000 or in porenthesis es. (15,000]