Condensed financial data of Lily Inc. follow.

LILY INC.

Comparative Balance Sheets

December $31$

LILY INC.

Income Statement

For the Year Ended December $31,2022$

Sales revenue

$$392,900$

Less:

Additional information:

New plant assets costing $$100,000$ were purchased for cash during the year.

Old plant assets having an original cost of $$56,500$ and accumulated depreciation of $$49,600$ were sold for $$1,200$ cash.

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

A cash dividend of $$36,600$ was declared and paid during the year.

Common stock was issued at par for cash.

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