Presented here are the financial statements of Pina Colada Company Pina Colada Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $36,900 $19,500 Accounts receivable 32,100 18,600 Inventory 30,000 20,300 Property, plant, and equipment 59.600 78,000 Accumulated depreciation (29,600 (23,200) Total $129.000 $113,200 Liabilities and Stockholders' Equity Accounts payable $28,200 $16,500 Income taxes payable 7.100 8.500 Bonds payable 26,700 32.400 Common stock 17,500 13,800 Retained earnings 49,500 42,000 Total $ 129,000 $113,200 Pina Colada Company Income Statement For the Year Ended December 31, 2022 Sales revenue $241,300 Cost of goods sold 176,400 Gross profit 64.900 Selling expenses $18,375 Administrative expenses 6,125 24,500 Income from operations. 40,400 Interest expense 3,800 Income before income taxes 36,600 Income tax expense 7,320 Net income $29 280 Additional data: 1. Depreciation expense was $16,000. 2. Dividends declared and paid were $21.780. 3. During the year equipment was sold for $8.800 cash. This equipment cost $18,400 originally and had accumulated depreciation of $9,600 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 amoures that decrease cash row with either a sign og 15.000 or in parenthesiseg (15.000 Pina Colada Company Statement of Cash Flows - Indirect Method Adjustments to reconcile net income to > > > > > > > v > v V