$($I HAVE ATTACHED THE INSTRUCTIONS TO THE QUESTION BELOW AND IN ANOTHER PHOTO. I HAVE ALSO ATTACHED THE FORMAT OF THE ANSWER IN A PICTURE SO PLEASE REFERENCE THAT WHEN ANSWERING. THANK YOU SO MUCH! Question $10$: Cash Flow Statement $(20$ marks$)$

Martin's Magic wants to analyze how their biggest competitor Wizardly Wonders uses cash. They have

collected the following financial information: Additional information:

Operating expenses included depreciation expense of $$41,000.$

Accounts payable relate to the purchase of inventory.

Equipment that cost $$52,000$ was sold at a gain of $$16,000.$

New equipment was purchased during the year for $$55,000.20,000$ was paid in cash

and the remainder was financed using a note payable.

Dividends were declared and paid in $2023.$

Using the information provided, prepare a cash flow statement. Martin's Magic

Cash flow Statement

For the year ended December $31,2023$

$\begin{array}{cc}?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\end{array}$Additional information:

Operating expenses included depreciation expense of $$41,000.$

Accounts payable relate to the purchase of inventory.

Equipment that cost $$52,000$ was sold at a gain of $$16,000.$

New equipment was purchased during the year for $$55,000.20,000$ was paid in cash and the remainder was financed using a note payable.

Dividends were declared and paid in $2023.$

Using the information provided, prepare a cash flow statement.