Presented here are the financial statements of Oriole Company.

ORIOLE COMPANY Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$37,400			$19,900
Accounts receivable		23,400			17,500
Inventory		30,400			21,200
Property, plant, and equipment		59,600			78,000
Accumulated depreciation		(32,400)			(24,000)
Total		$118,400			$112,600
Liabilities and Stockholders Equity
Accounts payable		$18,300			$ 14,000
Income taxes payable		7,000			8,500
Bonds payable		27,900			42,250
Common stock		18,700			14,000
Retained earnings		46,500			33,850
Total		$118,400			$112,600

ORIOLE COMPANY Income Statement For the Year Ended December 31, 2022
Sales revenue				$241,800
Cost of goods sold				176,200
Gross profit				65,600
Selling expenses		$18,900
Administrative expenses		4,500
Operating expenses				23,400
Income from operations				42,200
Interest expense				2,200
Income before income taxes				40,000
Income tax expense				8,000
Net income				$32,000

Additional data:

1.		Depreciation expense was $17,300.
2.		Dividends declared and paid were $19,350.
3.		During the year, equipment was sold for $9,500 cash. This equipment originally cost $18,400 and had accumulated depreciation of $8,900 at the time of sale.
4.		Bonds were redeemed at their carrying value.
5.		Common stock was issued at par for cash.

(a)

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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).)