Condensed financial data of Bonita Industries follow. Bonita Industries Comparative Balance Sheets December 31 Assets 2022 2021 Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total $ 64,640 70,240 90,000 22,720 110,400 228,000 (40,000) $546,000 $ 38,720 30,400 82,280 20,800 87,200 194,000 (41,600 ) $411,800 $ 53,840 16,800 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $ 81,600 13,200 88,000 176,000 187,200 $546,000 116,800 140,000 84,360 $411,800 Total 84,360 Retained earnings Total 187,200 $546,000 $411,800 Bonita Industries Income Statement Data For the Year Ended December 31, 2022 $310,768 Sales revenue Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets Net income $108,368 9,928 37,200 21,824 3,784 6,000 187,104 $ 123,664 Additional information: 1. New plant assets costing $80,000 were purchased for cash during the year. Old plant assets having an original cost of $46,000 and accumulated depreciation of $38,800 were sold for $1,200 cash. 2. 1. 2. New plant assets costing $80,000 were purchased for cash during the year. Old plant assets having an original cost of $46,000 and accumulated depreciation of $38,800 were sold for $1,200 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of $20,824 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-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Bonita Industries Statement of Cash Flows $ Adjustments to reconcile net income to $ . > > > . >