please make the cash flow statement using the direct method!

Flounder inc, a major retailer of high-end office furniture, operates several stores and is a publicly traded company. The company is currently preparing its statement of cash flows. The comparative statement of financial position and income statement for Flounder as at May 31,2023, are as follows: Less: Accumulated depreciation Net plant assets Total assets Liabilities and Shareholders' Equity Accounts payable Salaries and wages payable Interest payable Total current liabilities Mortgage payable Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $124,000$115,500 10,60012,800 \begin{tabular}{rrr} 4,500 & & 2,700 \\ \hline 139,100 & & 131,000 \\ 215,10076,000 & & 104,000 \\ \hline \end{tabular} Flounder Inc. Income Statement For the Year Ended May 31, 2023 Sales Cost of goods sold Gross margin Expenses \begin{tabular}{lr} Salaries and wages expense & 207,500 \\ Other operating expenses & 120,900 \\ Depreciation expense & 25,800 \\ \cline { 2 - 2 } Total operating expenses & 354,200 \\ \cline { 2 - 2 } Operating income & 205,800 \\ Interest expense & 26,100 \\ Income before income tax & 179,700 \\ Income tax expense & 55,300 \\ \hline Net earnings & $124,400 \end{tabular} $980,000 207,500120,90025,800354,200205,80026,100179,700555,300$124,400 Prepare a statement of cash flows for Flounder for the year ended May 31, 2023, using the direct method. (Show amounts that decrease cash flow with either a - sign eg, 15,000 or in parenthesis eg. (15,000) ). Schedule of non-cash investing and financing activities $ eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer The following is additional information about transactions during the year ended May 31,2023 , for Flounder, which follows IFRS. 1. Plant assets costing $85,000 were purchased by paying $58,000 in cash and issuing 5,000 common shares. 2. In order to supplement its cash, Flounder issued 4,000 additional common shares. 3. Cash dividends of $35,000 were declared and paid at the end of the fiscal year. Dividends paid are treated as financing activities