Condensed financial data of Sarasota Inc. follow. Liabilities and Stockholders' Equity \begin{tabular}{lrr} \hline Accounts payable & $234,600 & $154,790 \\ Accrued expenses payable & 37,950 & 48,300 \\ Bonds payable & 253,000 & 335,800 \\ Common stock & 506,000 & 402,500 \\ Retained earnings & 538,200 & 242,535 \\ Total & $1,569,750 & \\ \hline \end{tabular} Sarasota Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $893,458 Less: \begin{tabular}{|c|c|c|} \hline Cost of goods sold & $311,558 & \\ \hline Operating expenses, excluding depreciation & 28,543 & \\ \hline Depreciation expense & 106,950 & \\ \hline Income tax expense & 62,744 & \\ \hline Interest expense & 10,879 & \\ \hline Loss on disposal of plant assets & 17,250 & 537,924 \\ \hline Neincome & & $355,534 \\ \hline \end{tabular} 1. New plant assets costing $230,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $132,250 and accumulated depreciation of $111,550 were sold for $3,450 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $59,869 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.g. 15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to $