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Question 4.3 (Total: 30 marks; -3 marks per error) Taika Waititi Ltd. had the following...

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Question 4.3 (Total: 30 marks; -3 marks per error) Taika Waititi Ltd. had the following comparative statement of financial position: Taika Waititi Ltd. Comparative Statement of Financial Position As at December 31 2022 Cash $20,500.00 Accounts receivable $34,000.00 Inventories $20,000.00 Prepaid insurance $2,500.00 Equipment $102,000.00 2021 $12,500.00 $25,500.00 $30,000.00 $2,000.00 $90,000.00 Accumulated depreciation equipment $22,500.00 $12,500.00 Total assets $156,500.00 $147,500.00 Accounts payable Wages payable Interest payable Income taxes payable Long-term note payable Common shares Retained earnings Total liabilities and shareholders' equity $23,000.00 $4,000.00 $2,000.00 $4,000.00 $30,000.00 $65,000.00 $28,500.00 $20,000.00 $2,000.00 $3,000.00 $5,000.00 $34,500.00 $ 65,000.00 $18,000.00 $156,500.00 $147,500.00 Additional information: Net income for the fiscal year was $13,500 Equipment that cost $10,000 and was sold for a gain of $1,000 during 2022. The equipment's accumulated depreciation was $7,000. Required 1. Prepare the statement of cash flows using the indirect format

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