Presented here are the financial statements of Bonita Company. BONITA COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 37,200 $ 19,800 Accounts receivable 33,000 18,700 Inventory 30,400 20,400 Property, plant, and equipment 59,300 78,000 Accumulated depreciation ( 29,300) ( 23,300) Total $ 130,600 $ 113,600 Liabilities and Stockholders Equity Accounts payable $ 28,700 $ 16,000 Income taxes payable 7,300 8,300 Bonds payable 27,400 33,100 Common stock 18,200 14,300 Retained earnings 49,000 41,900 Total $ 130,600 $ 113,600 BONITA COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue $ 242,900 Cost of goods sold 175,600 Gross profit 67,300 Selling expenses $ 18,600 Administrative expenses 6,200 24,800 Income from operations 42,500 Interest expense 4,000 Income before income taxes 38,500 Income tax expense 7,700 Net income $ 30,800 Additional data: 1. Depreciation expense was $ 16,100. 2. Dividends declared and paid were $ 23,700. 3. During the year, equipment was sold for $ 8,600 cash. This equipment originally cost $ 18,700 and had accumulated depreciation of $ 10,100 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account. (a) Prepare a statement of cash flows for Bonita Company using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BONITA COMPANY Statement of Cash Flows choose the accounting period For the Year Ended December 31, 2022 select an opening name for section one Cash Flows from Operating Activities select an item $ enter a dollar amount 30,800 select between addition and deduction cash payments: select an item $ enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount enter a subtotal of the four previous amounts select a closing name for section one enter a total amount for section one select an opening name for section two select an item enter a dollar amount select a closing name for section two enter a total amount for section two select an opening name for section three select an item enter a dollar amount select an item enter a dollar amount select an item enter a dollar amount select a closing name for section three enter a total amount for section three enter a total amount for three sections enter a dollar amount select an item enter a dollar amount select a closing name for this statement $ enter a total of the two previous amounts eTextbook and Media Last saved 1 minute ago.Attempts: 0 of 5 used (b) New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is incorrect. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $ enter the free cash flow amount in dollars