Condensed financial data of Bramble Corp. follow Bramble Corp. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 2017 2016 $138,976 151,016 193,500 48,848 237,360 490,200 $ 83,248 65,360 176,902 44,720 187,480 417,100 (89,440) $885,370 (86,000) $1,173,900 $ 175,440$ 115,756 36,120 251,120 301,000 181,374 $885,370 28,380 189,200 378,400 402,480 $1,173,900 Bramble Corp. Income Statement Data For the Year Ended December 31, 2017 $668,151 Sales revenue Bramble Corp. Income Statement Data For the Year Ended December 31, 2017 $668,151 Sales revenue Less $232,991 21,345 79,980 46,922 8,136 Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets 12,900 402,274 $ 265,877 Net income Additional information: 1. New plant assets costing $172,000 were purchased for cash during the year 2. Old plant assets having an original cost of $98,900 and accumulated depreciation of $83,420 were sold for $2,580 cash 3. Bonds payable matured and were paid off at face value for cash 4. A cash dividend of $44,771 was declared and paid during the year 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).) Bramble Corp. Statement of Cash Flows December 31, 2017 Cash Flows from Operating Activities 265877 Net Income Adjustments to reconcile net income to Bramble Corp. Statement of Cash Flows December 31, 2017 Cash Flows from Operating Activities s 265877 Net Income Adjustments to reconcile net income to 12900 Loss on Disposal of Plant Assets (85656) (16598) (4128) 59684 (7740) Increase in Accounts Receivable Increase in Inventory Increase in Prepaid Expenses Increase in Accounts Payable Decrease in Accrued Expenses Payable Net Cash Provided by Operating Activities Net Cash Provided by Operating Activities4