The following is additional information concerning Sarasota's transactions during the year ended December $31,2024$:

Equipment costing $$40,000$ was purchased by paying $$34,750$ cash and issuing $100$ shares.

Equipment costing $$30,000$ that was purchased at the beginning of $2023$ was sold at the end of $2024$ for

$$25,300.$ Straight$-$line depreciation had been used with an expected asset life of $10$ years and a residual value of

$$0.$

The "other expenses" relate to prepaid items.

In order to supplement its cash, Sarasota borrowed an additional $$40,000$ and issued an additional $100$ shares.

Cash dividends of $$4,350$ were paid at the end of the fiscal year.

Cost of sales includes $$140,000$ of direct labour costs.

Prepare a statement of cash flows for Sarasota for the year ended December $31,2024,$ using the indirect method.

Sarasota follows ASPE. $($Show amounts that decrease cash flow with either a negative sign e$.$g$.-15,000$

or in parenthesis e$.$g$.(15,000$Sarasota Inc. is a major retailer of road bicycles and a promoter of riding bicycles to work, both to save the ervironment

and improve physical fitness. Financial statements for Sarasota are presented below.

Expenses

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