Oriole Company reported the following information for 2019. Oriole Company Comparative Balance Sheets December 31 Change 2019 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings (21,105) 14,070) 7,035 Increase Equipment Accumulated depreciation-equipment (27,315 (10,000) 17,315 Increase 2018 Increase/Decrease $64,710 $36,090 $28,620 Increase 61,950 22,000 39,950 Increase 0 43,820 Increase 4,020 2,020 Increase 43,820 6,040 54,750 70,250 15,500 Decrease 200,590 200,590 0 181,630 67,850 113,780 Increase Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings $565,070 $376,730 $43,180 $39,800 $3,380 Increase 9,920 Decrease 99,390 149,560 50,170 Decrease 230,910 59,810 171,100 Increase 191,590 117,640 73,950 Increase 9,920 0 $565,070 $376,730 Totals Oriole Company Income Statement For the Year Ended December 31, 2019 Sales revenue Cost of goods sold Operating expenses Interest expense Loss on disposal of plant assets $941,530 $470,400 231,900 11,990 2,010 716,300 225,230 65,510 $159,720 Income before income taxes Income tax expense Net income Additional information: 1. Operating expenses include depreciation expense of $39,910. 2. Land was sold at its book value for cash 3. Cash dividends of $85,770 were declared and paid in 2019. Equipment with a cost of $165,170 was purchased for cash. Equipment with a cost of $51,390 and a book value of 4. 35,830 was sold for $33,820 cash. 5. Bonds of $50,170 were redeemed at their face value for cash 6. Common stock($1 par) of $171,100 was issued for cash. Use this information to 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)) Oriole Company Statement of Cash Flows-Indirect Method For the Year Ended December 31,2019 Cash Flows from Operating Activities Net Income 159720 Adjustments to reconcile net income to