3 = Condensed financial data of Swifty Corporation follow. Swifty Corporation Comparative Balance Sheets December 31 Assets 2022 Cash $100,100 Accounts receivable 92,800 Inventory 111.500 Prepaid expenses 29.400 Long-term investments 140.200 Plant assets 274,000 Accumulated depreciation (47.500) Total $700.500 Liabilities and Stockholders' Equity Accounts payable $111.200 Accrued expenses payable 16.500 Bonds payable 114.400 Common stock 219.100 Retained earnings 239,300 Total $700,500 2021 547,600 33.700 101,700 25.700 114 100 241.200 (52100) $511.900 $67.000 17.000 149,800 174.000 104 100 $511.900 $391,400 Swifty Corporation Income Statement For the Year Ended December 31, 2022 Sales revenue Less: Cost of goods sold $135,700 Operating expenses, excluding depreciation 11.100 Depreciation expense 32.300 Income tax expense 27,600 Interest expense 4.500 Loss on disposal of plant assets 7.500 Net income 218.700 5172.700 Additional Information 1. 2 New plant assets costing $79.700 were purchased for cash during the year, Old plant assets having an original cost of $46.900 and accumulated depreciation of $36.900 were sold for $2.500 cash. Bonds payable matured and were paid off at face value for cash A cash dividend of 537 500 was declared and paid during the year. 3. 4 Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a signes. -15.000 or in parenthesis e. (15.000)) Swifty Corporation Statement of Cash Flows Adjustments to reconcile net income to : . : . . DEC tv . O 4