vdots,-=_(t)^(E)O(L)/(-)

\ u| euldAdditional information:\ Dividends on common shares in the amount of

$3,600

were declared and paid during 2023. Dividends paid are treated as\ financing activities.\ Depreciation expense is included in operating expenses, as is salaries and wages expense of

$72,000

.\ Equipment with a cost of

$34,000

that was

70%

depreciated was sold during 2023 .\ Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g.\

-15,000

or in parenthesis e.g.

(15,000)

.)

Pina Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2023: Question 4 of 27 - / 10 Additional information: Dividends on common shares in the amount of $3,600 were declared and paid during 2023 . Dividends paid are treated as 1. financing activities. 2. Depreciation expense is included in operating expenses, as is salaries and wages expense of $72,000. 3. Equipment with a cost of $34,000 that was 70% depreciated was sold during 2023. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. 15,000 or in parenthesis e.g. (15,000).) Pina Inc., a greeting card company that follows ASPE, had the following statements prepared as at December 31, 2023: Question 4 of 27 - / 10 Additional information: Dividends on common shares in the amount of $3,600 were declared and paid during 2023 . Dividends paid are treated as 1. financing activities. 2. Depreciation expense is included in operating expenses, as is salaries and wages expense of $72,000. 3. Equipment with a cost of $34,000 that was 70% depreciated was sold during 2023. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. 15,000 or in parenthesis e.g. (15,000).)