Natalie has prepared the balance sheet and income statement ofCookie & Coffee Creations Inc. and would like you to preparethe cash flow statement. The comparative balance sheet of Cookie& Coffee Creations Inc. at October 31, 2023 for the years 2023and 2022 and the income statement for the year ended October 31,2023, are presented below.

COOKIE &COFFEE CREATIONS INC. Balance Sheet October 31,
Assets		2023			2022
Cash		$29,074			$11,550
Accounts receivable		3,250			2,710
Inventory		7,897			7,450
Prepaid expenses		5,800			6,050
Equipment		102,000			75,500
Accumulated depreciation— equipment		(25,200)			(9,100)
Total assets		$122,821			$94,160
Liabilities and Stockholders’Equity		2018			2017
Accounts payable		$1,150			$2,450
Income taxes payable		9,251			7,200
Dividends payable		27,000			27,000
Salaries and wages payable		7,250			1,280
Interest payable		188			0
Note payable		10,000			0
Preferred stock, no par, $6 cumulative, 3,000 and 2,800 sharesissued, respectively		15,000			14,000
Common stock, $1 par—25,930 shares issued and outstanding		25,930			25,930
Additional paid-in capital—treasury stock		250			0
Retained earnings		26,802			16,800
Less: Treasury stock		0			(500)
Total liabilities and stockholders’ equity		$122,821			$94,160

COOKIE &COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2023
Sales				$485,625
Cost of goods sold				222,694
Gross profit				262,931
Operating expenses
Salaries and wages expense		$147,979
Depreciation expense		17,600
Other operating expenses		48,186		213,765
Income from operations				49,166
Other expenses
Interest expense		$413
Loss on disposal of plant assets		2,500		2,913
Income before income tax				46,253
Income tax expense				9,251
Net income				$37,002

Additional information:

1.		Equipment (cost $4,500 and book value $3,000) was disposed ofat the beginning of the year for $500 cash and replaced with newequipment purchased for $4,000 cash.
2.		Additional equipment was bought for $14,000 on November 1,2022. A $12,000 note payable was signed. The terms provide forequal semi-annual installment payments of $2,000 on May 1 andNovember 1 of each year, plus interest of 5% on the outstandingprincipal balance.
3.		Other equipment was bought for $13,000 cash.
4.		Dividends were declared on the preferred and common stock onOctober 15, 2023, to be paid on November 15, 2023.
5.		Accounts payable relate only to merchandise creditors.
6.		Prepaid expenses relate only to other operating expenses.

Prepare a statement of cash flows for Cookie & CoffeeCreations Inc. for the year ended October 31, 2023, using theindirect method. (Show amounts that decrease cash flowwith either a - sign e.g. -15,000 or in parenthesis e.g.(15,000).)Partially correct answer iconYour answer ispartially correct.

Prepare a statement of cash flows for Cookie & CoffeeCreations Inc. for the year ended October 31, 2023, using thedirect method. (Show amounts in the investing andfinancing sections that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.g. (15,000).)

				$Enter a dollar amount