Presented here are the financial statements of Cullumber Company. \begin{tabular}{lrc|} \hline Liabilities and Stockholders' Equity & \\ \hline Accounts payable & $28,000 & $16,000 \\ Income taxes payable & 7,000 & 8,000 \\ Bonds payable & 26,000 & 32,000 \\ Common stock & 17,000 & 13,000 \\ Retained earnings & 49,000 & 42,000 \\ \hline Total & $127,000 & $111,000 \\ \hline \hline \end{tabular} Cullumber Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense income before income taxes Income tax expense Net income $241,000 175,000 66,000 $17,250 43,000 2,000 41,000 8,200 $32,800 Additional data: 1. Depreciation expense was $15,400. 2. Dividends declared and paid were $25,800. 3. During the year equipment was sold for $8,600 cash. This equipment cost $18,000 originally and had accumulated depreciation of $9,400 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. 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 es. 15,000 or in porenthesis eg. (15,000). Compute free cash flow. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis eg. (15,000 Free cash flow