Condensed financial data of Swifty Corporation follow. Swifty Corporation Income Statement For the Year Ended December 31, 2022 Sales revenue $391,400 Additional information: 1. New plant assets costing $79,700 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,900 and accumulated depreciation of $36,900 were sold for $2,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $37,500 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).) Swifty Corporation Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable Increase in Prepaid Expenses Increase in Accounts Payable Decrease in Accrued Expenses Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Plant Assets $ Cash Flows from Investing Activities Sale of Plant Assets Purchase of Investments Cash Flows from Financing Activities Cash Flows from Financing Activities Payment of Cash Dividends Redemption of Bonds Issuance of Common Stock Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period eTextbook and Media Save for Later Last saved 25 minutes ago. Attempts: 0 of 3 used Submit