Condensed financial data of Ivanhoe Company follow. Ivanhoe Company Comparative Balance Sheets December 31 ort Assets 2022 2021 Cash $ 258,560 $ 154,880 Accounts receivable 280,960 121,600 Inventory 360,000 329,120 Prepaid expenses 90,880 83,200 Long-term investments 441,600 348,800 Plant assets 912,000 776,000 W Accumulated depreciation (160,000) (166,400) Total $2,184,000 $1,647,200 Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Accounts payable $326,400 $215,360 Accrued expenses payable 52,800 67,200 Bonds payable Common stock 352,000 467,200 704,000 5601900 748,800 337,440 $2,184,000 $1,647,200 Retained earnings Total Ivanhoe Company Income Statement Data For the Year Ended December 31, 2022 Sales revenue $1,243,072 Less: Cost of goods sold $433,472 Operating expenses, excluding depreciation 39,712 Depreciation expense 148,800 Income tax expense 87,296 Interest expense 15,136 Loss on disposal of plant assets 24,000 748,416 Net income $494,656 Additional information: 1. New plant assets costing $320,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $184,000 and accumulated depreciation of $155,200 were sold for $4,800 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $83,296 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-signe.g.-15,000 or in parenthesis eg. (15,000).)