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Condensed financial data of Oriole Inc. follow. Additional information: 1. New plant assets costing $110,000 were purchased for cash during the year, 2. Old plant

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Condensed financial data of Oriole Inc. follow. 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. Acash dividend of $28,633 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 e.s. 15,000 or in parenthesis e. 3.(15,000).) ORIOLE INC. Statement of Cash Flows - Indirect Method Adjustments to reconcile net income to 5 $ eTextbook and Media Save for Later Attempts: 0 of 12 used Subrnit Antwer

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