Presented here are the financial statements of Swifty Company. Swifty Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $37,200 $19.700 Accounts receivable 33,000 18,400 Inventory 30,800 20,800 Property, plant, and equipment 60,000 77,600 Accumulated depreciation (29,800 ) (23,500) Total $131,200 $113,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,300 $16.700 7.300 8.500 26.500 33.900 17.700 14.000 $1,400 39,900 $131.200 $112,000 Swifty Company Income Statement For the Year Ended December 31, 2022 Sales revenue $241,400 Cost of goods sold 175.800 Gross profit 45.400 Selling expenses $17.250 Administrative expenses 5.750 23.000 Income from operations 42.600 Interest expense 3.400 Income before income taxes 39.200 Income tax expense 7.840 Net income $31.360 1. Additional data: Depreciation expense was $17,300 2. Dividends declared and paid were $19.860. During the year equipment was sold for $6,600 cash. This equipment cost $17,600 originally and had accumulated depreciation of $11,000 at the time of sale. 4 Bonds were redeemed at their carrying value. 5 Common stock was issued at par for cash. (3) Prepare a statement of cash flows using the indirect method (Show amounts that decrease cash flow with either a sign ex-15,000 or in parenthesis eg (15,000)) Swifty Company Statement of Cash Flows