Condensed financial data of Cullumber Company follow. Accrued expenses payable Bonds payable Cullumber Company Income Statement For the Year Ended December 31, 2022 Sales revenue $391,000 Less: Cost of goods sold $134,000 Operating expenses, excluding depreciation 11,000 Depreciation expense 31,000 Income tax expense 26,000 Interest expense 4,000 Additional information: 1. New plant assets costing $79,000 were purchased for cash during the year, 2. Old plant assets having an original cost of $46,000 and accumulated depreciation of $36,000 were sold for $2,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $36,500 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 parenthesis es. (15,000)) Cullumber Company Statement of Cash Flows - Indirect Method Adjustments to reconcile net income to 5 eTextbook and Media Sorit for Liter Attempts: 0 of 5 used Sobmelt Ambwer