Here are comparative balance sheets for Oriole Company.

Additional information:

Net income for $2022$ was $$104,000.$

Cash dividends of $$34,320$ were declared and paid.

Bonds payable amounting to $$62,400$ were redeemed for cash $$62,400.$

Common stock was issued for $$43,680$ cash.

Equipment that cost $$52,000$ and had a book value of $$31,200$ was sold for $$37,440$ during $2022$; land was sold

at cost$.$

Prepare a statement of cash flows for $2022$ using the indirect method. $($Show amounts that decrease cash

flow with either $a-$sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

ORIOLE COMPANY

Statement of Cash Flows

Adjustments to reconcile net income to

$

Here are comparative balance sheets for Oriole Company.

Additional information:

Net income for $2022$ was $$104,000.$

Cash dividends of $$34,320$ were declared and paid.

Bonds payable amounting to $$62,400$ were redeemed for cash $$62,400.$

Common stock was issued for $$43,680$ cash.

Equipment that cost $$52,000$ and had a book value of $$31,200$ was sold for $$37,440$ during $2022$; land was sold

at cost$.$