Condensed financial data of Sheffield Inc. follow. SHEFFIELD INC. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $103,600 $48,100 Accounts receivable 91,000 32,900 Inventory 111,000 102,500 Prepaid expenses 29,100 25,500 Long-term investments 139,700 113,100 Plant assets 275,300 242,600 Accumulated depreciation (47,800) (52,300) Total $701,900 $512,400 Liabilities and Stockholders' Equity Accounts payable $111,600 $67,900 Accrued expenses payable 16,000 17,100 Bonds payable 119,900 149,300 Common stock 219,000 175,100 Retained earnings 235,400 103,000 Total $701,900 $512,400 SHEFFIELD INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $391,300 $ Less: Cost of goods sold $135,200 Operating expenses, excluding depreciation 11,900 Depreciation expense 32,200 Income tax expense 27,700 Interest expense 4,100 Loss on disposal of plant assets 7,500 218,600 Net income $172,700 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 $47,100 and accumulated depreciation of $36,700 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $40,300 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 - signe.g.-15,000 or in parenthesis e.g. (15,000).) SHEFFIELD INC. Statement of Cash Flows $ Adjustments to reconcile net income to $ Adjustments to reconcile net income to > >