Problem 12-9A Condensed financial data of Monty Corp. follow. Monty Corp. Comparative Balance Sheets December 31 Assets 2019 2018 Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment $103,600 $48,100 91,000 32,900 111,000 102,500 29,100 25,500 139,700 113,100 265,300 242,600 (47,800) (52,300) $691,900 $512,400 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $111,600 $67,900 16,000 17,100 119,900 149,300 219,000 175,100 225,400 103,000 $691,900 $512,400 Total Monty Corp. Income Statement For the Year Ended December 31, 2019 Sales revenue $391,300 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $135,200 11,900 32,200 27,700 4,100 7,500 218,600 $172,700 Net income Additional information: 1. New equipment costing $79,800 was purchased for cash during the year. 2. Old equipment having an original cost of $57,100 was sold for $12,900 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $50,300 was declared and paid during the year. 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).) Monty Corp. Statement of Cash Flows $ Adjustments to reconcile net income to $ $