Presented below are the financial statements of Oriole Company Oriole Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory 2022 $ 77,000 44,000 61,600 132,000 (70.400) $244,200 2021 $44,000 30.800 44,000 171,600 (52,800) $237,600 Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable $ 41,800 15,400 37,400 39,600 110,000 $33.000 17,600 72,600 30.800 83,600 Common stock Retained earnings Total $244,200 $237,600 Oriole Company Income Statement For the Year Ended December 31, 2022 Sales revenue $532,400 Cost of goods sold 385.000 Gross profit 147,400 Selling expenses Administrative expenses $39,600 13.200 52,800 Income from operations 94,600 6.600 Interest expense Income before income taxes 88,000 17,600 Income tax expense Net income $ 70,400 Additional data: 1. Depreciation expense was $38.500. 2. Dividends declared and paid were $44.000. 3. During the year equipment was sold for $18,700 cash. This equipment cost $39.600 originally and had accumulated depreciation of $20.900 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).) Oriole Company Statement of Cash Flows Adjustments to reconcile net income to