Presented below are the financial statements of Bonita Industries. Bonita Industries Comparative Balance Sheets December 31 Assets 2022 2021 Cash $63,000 $ 36,000 Accounts receivable 36,000 25,200 Inventory 50,400 36,000 Property, plant, and equipment 108,000 140,400 Accumulated depreciation (57,600) (43,200) Total $199,800 $194,400 Liabilities and Stockholders' Equity Accounts payable $34,200 $27,000 Income taxes payable 12,600 14,400 Bonds payable 30,600 59,400 Common stock 32,400 25,200 Retained earnings 90,000 68,400 Total $199,800 $194,400 Bonita Industries Income Statement For the Year Ended December 31, 2022 Sales revenue $435,600 Cost of goods sold 315,000 Gross profit 120,600 Selling expenses $32,400 Administrative expenses 10,800 43,200 Income from operations 77,400 Interest expense 5,400 Income before income taxes 72,000 Income tax expense 14,400 Net income $57,600 Additional data: 1. Depreciation expense was $31,500. 2. Dividends declared and paid were $36,000. 3. During the year equipment was sold for $15,300 cash. This equipment cost $32,400 originally and had accumulated depreciation of $17,100 at the time of sale. 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 eg. (15,000).) Bonita Industries Statement of Cash Flows Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash