Condensed financial data of Flint Corporation follow. Flint Corporation Comparative Balance Sheets December 31 Assets 2022 Cash $ 234,320 Accounts receivable 254,620 Inventory 326,250 Prepaid expenses 82,360 Long-term investments 400,200 Plant assets 826,500 Accumulated depreciation (145,000) Total $1,979,250 2021 $ 140,360 110.200 298,265 75,400 316,100 703,250 (150,800) $1,492,775 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $295,800 47,850 319,000 638,000 678,600 $1,979,250 $ 195,170 60.900 423,400 507,500 305,805 $1,492,775 $1.126,534 Flint Corporation Income Statement Data For the Year Ended December 31, 2022 Sales revenue Less Cost of goods sold $392,834 Operating expenses, excluding depreciation 35,989 Depreciation expense 134 850 Income tax expense 79.112 Interestexpense 13.717 Loss on disposal of plant assets 21.750 Net income 678,252 $ 448,282 Additional information: 1 2. 3. 4. New plant assets costing $290,000 were purchased for cash during the year, Old plant assets having an original cost of $166,750 and accumulated depreciation of $140,650 were sold for $4,350 cash, Bonds payable matured and were paid off at face value for cash, A cash dividend of $75,487 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Flint Corporation using the direct method. (Show amounts in the investing and financing sections Flint Corporation Statement of Cash Flows > C 5 > YouTube Maps mework Question 6 of 6