Presented here are the financial statements Bramble Company

Income Statement

For the Year Ended December $31,2022$ Net income

Additional data:

Depreciation expense was $$17,000.$

Dividends declared and paid were $$21,740.$

During the year equipment was sold for $$6,600$ cash. This equipment cost $$17,700$ originally and had accumulated depreciation of $$11,100$ at the time of sale.

Bonds were redeemed at their carrying value.

Common stock was issued at par for cash. 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 e$.$g$.(15,000).)$

Bramble Company

Statement of Cash Flows $-$ Indirect Method

For the Year Ended December $31,2022$

Cash Flows from Operating Activities

Net Income

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Depreciation Expense

$

Increase in Accounts Receivable

longrightarrowNet Cash Provided by Investing Activities

Cash Flows from Financing Activities

Issuance of Common Stock of Bramble Company.