Condensed financial data of Oriole Inc. follow. ORIOLE INC. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $114,700 $48,900 Accounts receivable 92,400 33,100 Inventory 111,400 101,200 Prepaid expenses 29,400 25,500 Long-term investments 140,900 114,000 Plant assets 275,600 241,300 Accumulated depreciation (46,300) (52,600) Total $718,100 $511,400 Liabilities and Stockholders' Equity Accounts payable $111,500 $67,200 Accrued expenses payable 16,500 17,200 Bonds payable 114,000 149,000 Common stock 219,000 175,500 Retained earnings 257,100 102,500 Total $718,100 $511,400 ORIOLE INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $392,300 Less: Cost of goods sold $134,800 Operating expenses, excluding depreciation 11,600 Depreciation expense 28,700 Income tax expense 27,500 Interest expense 4,000 Loss on disposal of plant assets 7,500 214,100 Net income $178,200 Additional information: 1. New plant assets costing $79,800 were purchased for cash during the year. 2. Old plant assets having an original cost of $45,500 and accumulated depreciation of $35,000 were sold for $3,000 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $23,600 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 eg. -15,000 or in parenthesis eg. (15,000).) ORIOLE INC. Statement of Cash Flows Adjustments to reconcile net income to