Presented below are the financial statements of Bramble Company. Bramble Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $70,000 $ 40,000 Accounts receivable 40,000 28,000 56,000 Inventory Property, plant, and equipment 40,000 120,000 156,000 Accumulated depreciation (64,000) (48,000) Total $222.000 $216,000 Liabilities and Stockholders' Equity $ 38,000 Accounts payable Income taxes payable $30,000 14,000 16,000 Bonds payable 34,000 66,000 Common stock 36.000 28,000 Retained earnings 100,000 76,000 Total $222000 $216.0.0.0 Retained earnings 100,000 76,000 Total $222.000 $216,000 Bramble Company Income Statement For the Year Ended December 31, 2022 Sales revenue $484,000 Cost of goods sold 350,000 Gross profit 134,000 Selling expenses $36,000 Administrative expenses 12,000 48,000 Income from operations 86,000 Interest expense 6,000 Income before income taxes 80,000 Income tax expense 16,000 Net income $ 64,000 Additional data: 1. 2. Depreciation expense was $35,000. Dividends declared and paid were $40,000. During the year equipment was sold for $17,000 cash. This equipment cost $36,000 originally and had accumulated depreciation of $19,000 at the time of sale. 3. 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).) Bramble Company Statement of Cash Flows Moodle eTextbook and Media Compute free cash flow. (Show a negative free cash flow with either a signes. 15,000 or in parenthesis es. (15,000).) Free cash flow 5 e Textbook and Media