Problem 3: 16 marks Sharp Inc a fabric retailer recently completed its 2023 operations. The following information is available Sharp inc Income Statement For year ended December 312023 Sharp Inc Comparative Balance sheet information Additional information regarding Sharp inc activities during 2023: 1. Equipment was purchased for $85,848 cash 2. Issued 3,360 common shares for cash at $23 per shares 3. Declared and paid $147,980 of cash dividends during the year Required Prepare a statement of cash flows for 2023 that reports the cash inflows and outflows from operating activities to the indirect method. Briefly explain what caused the change using the statement of cash flows Problem 3: 16 marks Sharp Inc a fabric retailer recently completed its 2023 operations. The following information is available Sharp inc Income Statement For year ended December 312023 Sharp Inc Comparative Balance sheet information Additional information regarding Sharp inc activities during 2023: 1. Equipment was purchased for $85,848 cash 2. Issued 3,360 common shares for cash at $23 per shares 3. Declared and paid $147,980 of cash dividends during the year Required Prepare a statement of cash flows for 2023 that reports the cash inflows and outflows from operating activities to the indirect method. Briefly explain what caused the change using the statement of cash flows