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Condensed financial data of Blossom Company follow. Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable $111,40016,400$67,30017,300 Bonds payable 119,400150,000 Common stock 220,100175,300 Retained earnings

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Condensed financial data of Blossom Company follow. Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable $111,40016,400$67,30017,300 Bonds payable 119,400150,000 Common stock 220,100175,300 Retained earnings Total Blossom Company Income Statement For the Year Ended December 31, 2022 Sales revenue $392,600 Less: Cost of goods sold $135,400 Operating expenses, excluding depreciation 12,500 Depreciation expense 31,500 Income tax expense 27,900 Interest expense 4,400 Loss on disposal of plant assets Net income Additional information: 1. New plant assets costing $79,900 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,600 and accumulated depreciation of $36,200 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $39,200 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg, -15,000 or in parenthesiseg. (15,000)) Adjustments to reconcile net income to $

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