Create a T$-$account

Condensed financial data of Splish Brothers Inc. follow.

$\backslash$table$[[\backslash$table$[[$Splish Brothers Inc.$],[$Comparative Balance Sheets$],[$December $31]]],[$Assets$,2022,2021],[$Cash$,$$ $$218,160,$$$130,680],[$Accounts receivable,$237,060,102,600],[$Inventory$,303,750,277,695],[$Prepaid expenses,$76\mathrm{.}680,70\mathrm{.}200],[$Long$-$term investments,$372,600,294,300],[$Plant assets,$769\mathrm{.}500,654,750],[$Accumulated depreciation,$(135,000),(140,400)],[$Total$,$$$1,842,750,$$$1,389,825]]$

$\backslash$table$[[$Liabilities and Stockholders' Equity,,$],[$Accounts payable,$ $275,400,$$ $181,710],[$Accrued expenses payable,$44,550,56,700],[$Bonds payable,$297,000,394,200],[$Common stock,$594,000,472,500],[$Retained earnings,$631,800,284,715],[$Total$,$$$1,842,750,$$$1,389,825]]$

Sales revenue

$$1,048,842$

Less:

$\backslash$table$[[$Cost of goods sold,$$365,742,],[$Operating expenses, excluding depreciation,$33,507,],[$Depreciation expense,$125,550,],[$Income tax expense,$73,656,],[$Interest expense,$12,771,],[$Loss on disposal of plant assets,$20,250,631,476],[$Net income,,$$417,366]]$

Additional information

Additional information:

New plant assets costing $$278,000$ were purchased for cash during the year.

Old plant assets having an original cost of $$155,250$ and accumulated depreciation of $$130,950$ were sold for $$4,050$ cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of $$70\mathrm{.}281$ was declared and paid during the year.

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 $(15,000),)$

Splish Brothers Inc. Statement of Cash Flows

Prepare a statement of cash flows using the indirect method. $($Show a mounts that decrease cash flow with either a $-$ sign eg$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Splish Brothers Inc. Statement of Cash Flows $$

$

Adjustments to reconcile net income to $$

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