Presented here are the financial statements of Skysong, Company. Skysong, Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,900 $20,300 Accounts receivable 32,200 18,800 Inventory 30,600 20,500 Property, plant, and equipment 59,400 77,100 Accumulated depreciation (29,300 ) (23,200) Total $130,800 $113,500 Liabilities and Stockholders' Equity Accounts payable ncome taxes payable onds payable $28,300 $16,600 7,200 8,500 27,500 33,900 Skysong, Company Income Statement For the Year Ended December 31, 2022 Sales revenue $241,200 Cost of goods sold 175,900 Gross profit 65,300 Selling expenses $17,250 Administrative expenses 5,750 23,000 Income from operations 42,300 Interest expense 4,000 Income before income taxes 38,300 Income tax expense 7,660 Net income $30,640 Additional data: 1. Depreciation expense was $16,200. 2. Dividends declared and paid were $21,140. Additional data: 1. Depreciation expense was $16.200 2 Dividends declared and paid were $21.140. During the year equipment was sold for $7,600 cash. This equipment cost $17,700 originally and had accumulated depreciation of $10,100 at the time of sale. 3. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) 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).) Skysong, Company Statement of Cash Flows-Indirect Method Skysong, Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to