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Presented here are the financial statements of Skysong, Company. Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total

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Presented here are the financial statements of Skysong, Company. Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,300 7,200 27,500 18,500 49,300 $130,800 $16,600 8,500 33,900 14,700 39,800 $113,500 Skysong, Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $241,200 175,900 65,300 Additional data: 1. Depreciation expense was $16,200. 2. Dividends declared and paid were $21,140. 3. During the year equipment was sold for $7,600cash. This equipment cost $17,700 originally 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. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with elther - sign,g - 15,000 or in parenthesis e. (15,000)]

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