Current Attempt in Progress Oriole Company reported the following information for 2022. Oriole Company Comparative Balance Sheets December 31 Assets 2022 Change Increase/Decrease $50,600 Increase 88,000 Increase 96,800 Increase 4,400 Increase 33,000 Decrease Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Totals 2021 $79,200 48,400 -0- 8,800 154,000 440,000 (30,800) 149.600 (22.000) $827,200 $129,800 136,400 96,800 13,200 121,000 440,000 (46,200) 402,600 (61,600) $1.232.000 15,400 Increase 253,000 Increase 39,600 Increase $94,600 0 220,000 506,000 411,400 $1,232.000 $88,000 22,000 330.000 132,000 255,200 $827,200 $6,600 Increase 22,000 Decrease 110,000 Decrease 374,000 Increase 156,200 Increase nuiala Oriole Company Income Statement For the Year Ended December 31, 2022 Sales revenue $2,070,200 Cost of goods sold $1,045,000 Operating expenses 508,200 Interest expense 26,400 Loss on disposal of equipment 4.400 1.584,000 Income before income taxes 486,200 Income tax expense 143,000 Net income $343,200 Additional information: 1. Operating expenses include depreciation expense of $88,000 2. Land was sold at its book value for cash. 3. Cash dividends of $187.000 were declared and paid in 2022. 4. Equipment with a cost of $365,200 was purchased for cash. Equipment with a cost of $112,200 and a book value of $79,200 was sold for $74,800 cash. Bonds of $110,000 were redeemed at their face value for cash. 6. Common stock ($1 par) of $374,000 was issued for cash. 5. Use this information to 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.. (15,000).) Use this information to 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 c.g. (15,000).) Oriole Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to $ 8 : M os Q MU . Qu Mul Vis Que Acrol Que Accou $ OW