$66,670 Bonita Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net Income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $10,283 Decrease in accounts receivable 10.735 Increase in inventory (5.650) Decrease in accounts payable (2.486) Loss on disposal of plant assets 3.729 Net cash provided by operating activities Cash flows from investing activities Sale of investments 3,503 Purchase of equipment (27,346) Net cash used by investing activities Cash flows from financing activities Issuance of stock 22,600 Payment on long-term note payable (11.300) Payment for dividends (14,690) Net cash used by financing activities Net increase in cash 16,611 83.281 (23.843) 13,390) 56,048 CALOR 83,281 3,503 (27,346 ) (23,843) Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year 22,600 (11,300) (14,690) (3.390) 56,048 14,690 $70,738 (a) Compute free cash flow for Bonita Industries, (Show a negative free cash flow with either a-signes -15,000 or in parenthesises (15,000) $ Free cash flow for Bonita Industries