prepare a statment of cash flows using indirect method

Cash Accounts receivable inventory Property. plant. and equipment Accumulated depreciation total Ciabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $37,600 23,000 29,800 59,200 (32.500) $117,100 $18,400 7,100 26.500 18,900 46,200 $117,100 $19,100 17,100 21.600 77.700 (23,600) $111,900 $ 14,000 8,000 43,600 14,200 32,100 $111,900 SHEFFIELD COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Sel ling expenses Administrativeexpenses Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income Additional data: $242,700 176,800 65,900 $18,600 5,500 24,100 41,800 3,800 38,000 7.600 $30,400 3. 4. 5. Depreciation expense was $17,800 Dividends declared and paid were $ 16.300. During the year, equipment was sold for $9,600 cash. This equipment originally cost $ 18,500 and had accumulated depreciation ot $8,900 at the time ot sale, Bonds were redeemed at their carrying value. Common stock was issued at par for casib