Monty Inc., a retailer of garden tools that follows ASPE, had the following statements prepared as of December 31, 2023 : MONTY Inc. Income Statement Year Ended December 31, 2023 Sales revenue Cost of goods sold Gross margin Operating expenses Operating income Interest expense Gain on disposal of equipment Income before income tax Income tax expense Net income $368,000 210,000158,000121,50036,500 $11,200 27,500(2,200) 13,20014,300 Additional information: 1. Dividends on common shares in the amount of $11,800 were declared and paid during 2023. 2. Depreciation expense of $21,950 is included in operating expenses. 3. Equipment with a cost of $20,500 that was 70% depreciated was sold during 2023 . 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)