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\begin{tabular}{lr} Income from operations & 39,560 \\ Interest expense & 3,460 \\ \hline Income before income taxes & 36,100 \\ \hline Income taxes & 10,900 \\ \hline Net income & $25,200 \\ \hline \end{tabular} \begin{tabular}{lcc|} \hline \multicolumn{3}{c|}{MontyLimitedComparativeStatementofFinancialPositionAsatDecember31} \\ \hline \\ Cash & 2023 & 2022 \\ Accounts receivable & $14,800 & $9,620 \\ & 11,590 & 8,630 \end{tabular} \begin{tabular}{|c|c|c|} \hline Inventory & 16,250 & 11,590 \\ \hline Prepaid insurance & 2,460 & 1,970 \\ \hline Equipment & 25,200 & 33,100 \\ \hline Accumulated depreciation-equipment & (16,030) & (17.510) \\ \hline Total assets & $54,270 & $47,400 \\ \hline Accounts payable & $4,930 & $6,660 \\ \hline Salaries and wages payable & 1,970 & 1,970 \\ \hline Income tax payable & 2.970 & 990 \\ \hline Bank loans & 0 & 8.630 \\ \hline Commonshares & 14,800 & 14,800 \\ \hline \end{tabular} Prepare the statement of cash flows using the direct method, (Show amounts that decreose cash flow with either asignes15,000 ar in porenthesises. (15,000).) Additional information: - Equipment that cost $7,900 was sold for its carrying amount of $3,710 - Dividends declared and paid were $9,950 - Accounts payable are for purchases from inventory suppliers. Prepare the statement of cash flows using the direct method, (Show amounts that decrease cash flow with either a 5ign eg. 15,000 or in parenthesis eg (15,000)) Current Attempt in Progress Monty Limited had the following financial statements: ()

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