Prepare a statement of Cash Flows using Direct Method

WHISPERING LTD. Comparative Statement of Financial Position Dec. 31, 2024 $68,000 125,000 Cash Accounts receivable Inventory Property, plant, and equipment Less: Accumulated depreciation Total assets Accounts payable Wages payable Loan payable Common shares Retained earnings Total liabilities and shareholders' equity WHISPERING LTD. Statement of Income For the year ended December 31, 2024 Sales revenue Cost of goods sold Gross profit Other expenses: Supplies expense Depreciation expense Wages expense Other operating expenses Interest expense Other income Net income $11,000 33,000 103.000 4,000 15.000 322,000 694,000 (264,000) $945,000 $81,800 6,000 348.200 200,000 309,000 $945,000 $451,000 243,000 208,000 166,000 42,000 15,000 $57,000 Dec 31, 2023 $76,000 144,000 279,000 647,000 (231,000) $915,000 $84,000 9,400 415,600 145,000 261,000 $915,000