Condensed financial data of Bramble Inc. follow.

BRAMBLE INC.

Comparative Balance Sheets

December 31

Assets

2022

2021

Cash

$81,500

$49,200

Accounts receivable

87,200

37,400

Inventory

111,900

102,400

Prepaid expenses

29,600

27,500

Long-term investments

139,000

114,700

Plant assets

285,100

242,300

Accumulated depreciation

(47,500)

(49,300)

Total

$686,800

$524,200

Liabilities and Stockholders' Equity

Accounts payable

$103,900

$61,100

Accrued expenses payable

16,100

21,400

Bonds payable

116,800

149,400

Common stock

Retained earnings

176,000

116,300

230,600

Total

219,400

$686,800

$524,200

BRAMBLE INC.

Income Statement

For the Year Ended December 31, 2022

Sales revenue

$387,400

Less:

Cost of goods sold

$135,600

Operating expenses, excluding depreciation

11,000

Depreciation expense

48,100

Income tax expense

26,900

Interest expense

4,600

Loss on disposal of plant assets

6,800

233,000

Net income

$154,400

Additional information:

1.

New plant assets costing $100,800 were purchased for cash during the year.

2.

Old plant assets having an original cost of $58,000 and accumulated depreciation of $49,900 were sold for $1,300 cash.

3.

Bonds payable matured and were paid off at face value for cash.

4.

A cash dividend of $40,100 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 e.g. -15,000 or in

parenthesis e.g. (15,000).)