Condensed financial data follow for Oriole Ltd. Oriole reports under ASPE ORIOLE LTD. Balance Sheet December 31 Assets 2021 Cash $105.320 Accounts receivable 75.500 Inventory 127.400 Prepaid expenses 38.900 Long-term investments 130,000 Property, plant, and equipment 270.700 Accumulated depreciation 47,200 Total assets $700,620 Liabilities and Shareholders' Equity Accounts payable 595,000 Accrued expenses payable 12,400 Notes payable 107,000 Common shares 248,700 Retained earnings 237,520 Total liabilities and shareholders equity $700,620 2020 $47.400 41,000 93.550 26.800 116,000 241,400 50.900) $515.250 $78,100 6,600 140.400 184,100 106,050 $515.250 ORIOLE LTD. Income Statement Year Ended December 31, 2021 Sales $493,200 Cost of goods sold 188,600 Gross profit 304,600 Operating expenses $58,100 Depreciation expense 46,200 Loss on sale of equipment 8,320 112,620 Profit from operations 191,980 Other expenses Interest expense 5.480 Pront before income tax 186,500 Income tax expense 42,400 Profit $144,100 Additional information: 1 New equipment costing $86,200 was purchased for $32,000 cash and a $54.200 note payable. 2 Equipment with an original cost of $56.900 was sold at a loss of $8,320. 3. Notes payable matured during the year and were repaid. Along-term investment was acquired for cash Accounts payable relate only to merchandise creditors. Accrued expenses payable and prepaid expenses relate to operating expenses. 4 5. 6. Prepare the operating section of the cash flow statement using the direct method assuming that accounts payable relate only to merchandise creditors and that accrued expenses payable and prepaid expenses relate to operating expenses. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesiseg. (15,0001.) ORIOLE LTD. Cash Flow Statement (Partial)-Direct Method $