Blossom Company

Income Statement

For the Year Ended December $31,2022$

Sales revenue $$938,000$

Cost of goods sold $$479,680$

Operating expenses $$228,860$

interest expense $$11,980$

Loss on disposal of plant assets $$2,000$ $$722,520$

$$ Income before income taxes $$215,480$

Income tax expense $$64,780$

$$ Net income $$150,700$

Additional information:

$1.$Operating expenses include depreciation expense of $$40,160.$

$2.$Land was sold at its book value for cash.

$3.$Cash dividends of $$85,680$ were declared and paid in $2022.$

$4.$ Equipment with a cost of $$166,220$was purchased for cash. Equipment with a cost of $$51,060$and a book value of $$35,860$was sold for $$33,860$cash$.$

$5.$Bonds of $$50,290$were redeemed at their face value for cash.

$6.$Common stock $($$$1$ par$)$of $$169,340$ was issued for cash.

use this information to prepare a statement of cash flows using the indirect method.

$($Show ammounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$or in parenthesis e$.$g$.(15,000).)$

Please use this given data along with the picture of the comparitive balance sheets to prepare a statement of cash flows.