Presented here are the financial statements of Kingbird Company. Kingbird Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37.500 $19,100 Accounts receivable 33.000 20,000 Inventory 30.700 20,200 Property, plant, and equipment 59,700 77.100 Accumulated depreciation (29.900) (23,100) Total $131,000 $113.300 Liabilities and Stockholders' Equity Accounts payable $28,100 $17,000 Income taxes payable 7,200 8.300 Bonds payable 27,800 33,000 Common stock 19.000 14,800 Retained earnings 48.900 40,200 Total $131,000 $113,300 Kingbird Company Income Statement For the Year Ended December 31, 2022 Sales revenue $241,900 Cost of goods sold 177,000 Gross profit 64,900 Selling expenses $18,150 Administrative expenses 6,050 24,200 Income from operations 40.700 Interest expense 3,600 Income before income taxes 37.100 Income tax expense 7,420 Net income $29,680 Additional data: 1. Depreciation expense was $17,400. 2. Dividends declared and paid were $20,980. 3. During the year equipment was sold for $6,800 cash. This equipment cost $17,400 originally and had accumulated depreciation of $10,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) a- Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signeg.-15,000 or in parenthesis e.g. (15,000).) Kingbird Company Statement of Cash Flows - Indirect Method $ Adjustments to reconcile net income to $