Please prepare a cash flow statement for the year using the indirect method.

Presented below is the comparative balance sheet for Sunland Inc., a private company reporting under ASPE, at December 31,2024 and 2023: Additional information: 1. Cash dividends of $17,700 were declared. 2. A long-term investment was acquired for cash at a cost of $119,770. 3. Depreciation expense is included in the operating expenses. 4. The company issued 12,390 common shares for cash on March 2,2024 . The fair value of the shares was $10 per share. The proceeds were used to purchase additional equipment. 5. Equipment that originally cost $35,400 was sold during the year for cash. The equipment had a carrying value of $10,620 at the time of sale. 6. The company issued a note payable for $33,040 and repaid $3,540 by year end. 7. All purchases of inventory are on credit. 8. Accounts payable is used only to record purchases of inventory. igne.g