The comparative balance sheet for Crane Adventures Ltd$.,$ a private company reporting under ASPE, follows:CRANE ADVENTURES LTD$.$Balance SheetDecember $31$AssetsCashAccounts receivableInventoryPrepaid expensesLandEquipmentAccumulated depreciationTotal assets$\backslash$deg Type here to search$\mathrm{.}2024$$$55,04097,280204,80015,36064,000345,600(115,200)$$$666,880322023$$$16,128108,800220,1606,40096,000243,200(51,200)$$$639,488$Liabilities and Shareholders' EquityAccounts payable$$55,040$$$48,640$Dividends payable$9,6006,400$Income tax payable$3,2007,680-$ Bonds payable$153,600230,400$Common shares$264,960213,760$Retained earnings$\mathrm{.}180,480132,608$Total liabilities and shareholders' equity$$666,880$$$639,488$Additional information:$1.$ Profit for $2024$ was $$89,472\mathrm{.}2.$ Bonds payable of $$76,800$ were retired at maturity$\mathrm{.}3.$ Common shares were issued for $$51,200\mathrm{.}4.$ Land was sold at a loss of $$12,800\mathrm{.}5.$ No equipment was sold during $2024\mathrm{.}6.$ Net sales for the year were $$867,840\mathrm{.}7.$ Cost of goods sold for the year was $$562,944\mathrm{.}8.$ Operating expenses $($not including depreciation expense$)$ were $$102,400\mathrm{.}9.$ Interest expense was $$6,400\mathrm{.}10.$ Income tax expense was $$29,824.$Prepare a cash flow statement using the direct method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$CRANE ADVENTURES LTD$.$Cash Flow Statement $-$ Direct Method