Information from the balance sheet and income statement is given below for Ayayai Inc., a pr the vear ended December 31. Commonshares125,000100,000 Retained earnings Revenues Sales Gain on disposal of equipment 153,1254,375 Expenses Cost of goods sold $49,730 Depreciation expense 29,350 Operating expenses 7,335 Income tax expense 19,500 Interest expense Profit for the year 1. Investments in land were sold at cost during 2024. 2. Equipment costing $28,000 was sold for $7,775, resulting in a gain. 3. Common shares were issued in exchange for some equipment during the year. No other shares were issued. 4. The remaining purchases of equipment were paid for in cash. Prepare a cash flow statement for the year ended December 31, 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Note X: Significant noncash investing and financing activities: Equipment with a cost of \$ was purchased in exchange for common shares