Condensed financial data of Oriole Company follow. Oriole Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $88,880 $53,240 Accounts receivable 96,580 41,800 Inventory 123,750 113,135 Prepaid expenses 31,240 28,600 Long-term investments 151,800 119.900 Plant assets 313,500 266,750 Accumulated depreciation (55,000) (57,200) Total $750,750 $566,225 Liabilities and Stockholders' Equity Accounts payable $112,200 $74,030 Accrued expenses payable 18,150 23,100 Bonds payable 121,000 160,600 Common stock 242,000 192,500 Bonds payable 121,000 160,600 Common stock 242,000 192,500 Retained earnings 257,400 115,995 Total $750,750 $566,225 Oriole Company Income Statement Data For the Year Ended December 31, 2022 Sales revenue $427,306 Less: Cost of goods sold $149,006 Operating expenses, excluding depreciation 13,651 Depreciation expense 51,150 Income tax expense 30,008 Interest expense 5,203 Loss on disposal of plant assets 8,250 257,268 Net income $ 170,038 Additional information: 1. New plant assets costing $110,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $63,250 and accumulated depreciation of $53,350 were sold for $1,650 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $28,633 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Oriole Company using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) Oriole Company Statement of Cash Flows eTextbook and Media