View Policies Current Attempt in Progress Kingbird Inc. reported the following information at the end of its $2022$ fiscal year. $\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|\}\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$Kingbird Inc Statement of Financial Position As at April $30\}\backslash \backslash \backslash$hline Assets & $2023$ & $2022\backslash \backslash \backslash$hline Cash & $\backslash$$$209,000$ & $\backslash$$$153,000\backslash \backslash \backslash$hline Accounts receivable & $111,000$ & $94,000\backslash \backslash \backslash$hline Inventory & $107,000$ & $252,000\backslash \backslash \backslash$hline Prepaid operating expenses & $18,000$ & $12,000\backslash \backslash \backslash$hline Long term investments & $183,000$ & $84,000\backslash \backslash \backslash$hline Equipment & $1,233,000$ & $1,136,000\backslash \backslash \backslash$hline Less: Accumulated depreciation & $\backslash ((370,000)\backslash )$ & $\backslash ((380,000)\backslash )\backslash \backslash \backslash$hline & $\backslash$$$1,491,000$ & $\backslash$$$1,351,000\backslash \backslash \backslash$hline Liabilities and Shareholders' Equity & & $\backslash \backslash \backslash$hline Accounts payable & $\backslash$$$52,000$ & $\backslash$$$64,000\backslash \backslash \backslash$hline Income tax payable & $31,000$ & $24,000\backslash \backslash \backslash$hline Bonds payable & $667,000$ & $746,000\backslash \backslash \backslash$hline Commonshares & $341,000$ & $249,000\backslash \backslash \backslash$hline Retained earnings & $400,000$ & $268,000\backslash \backslash \backslash$hline & $\backslash$$$1,491,000$ & $\backslash$$$1,351,000\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$ Kingbird Inc

Income Statement

For the year ended April $30,2023$

ADDITIONAL INFORMATION:

$-$ Depreciation expense is included in "operating expenses." All accounts payable transactions were related to the purchase of inventory.

$-$ During the year, a piece of equipment that originally cost $\backslash (\backslash$$ $54,400\backslash )$ was sold for cash. The equipment was $\backslash (70\backslash \%\backslash )$ depreciated at the time of the sale.

$-$ Long$-$term investments were purchased for cash during the year.

Prepare a statement of cash flows, in good form, for Kingbird Inc, using the indirect method and follows ASPE. $($Show amounts that decrease cash flow with either a negative sign e$.$g$.\backslash (\backslash$mathbf$\{-15,000\}\backslash )$ or in parenthesis e$.$g$.\backslash ((15,000)\backslash ).)$