Question 1 of 1 Condensed financial data of Bramble Corp. follow. Bramble Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 137.360 $ 82,280 Accounts receivable 149.260 64,600 Inventory 191.250 174,845 Prepaid expenses 48,280 44,200 Long-term investments 234,600 185,300 Plant assets 484,500 412.250 Accumulated depreciation (85,000) (88.400 Total $ 1,160,250 $875.075 Liabilities and Stockholders' Fruit Question 1 of 1 0.7 Liabilities and Stockholders' Equity $ 173,400 $ 114,410 Accounts payable Accrued expenses payable Bonds payable 28.050 187,000 35,700 248,200 297,500 Common stock 374,000 Retained earnings 397,800 179,265 Total $1,160.250 $875,075 Bramble Corp. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $ 660,382 Less: Cost of goods sold $ 230,282 Question 1 of 1 0.78/1 IN 21,097 79,050 Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets Net income 46,376 8,041 12,750 397.596 $262.786 Additional information 1 2 New plant assets costing $ 170.000 were purchased for cash during the year, Old plant assets having an original cost of $ 97.750 and accumulated depreciation of S82450 were sold for 5 2,550 cash Bonds payable matured and were paid off at fact Value for cash Acash dividend of $44.251 was declared and paid during the year 3 Question 1 of 1 0.78/ 15 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es (15,000 Bramble Corp. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 22.76 Adjustments to reconcile net income to Niet Canh Provided by Operating Activities Decrease in Accrued Experas Payable 10 Increase in ventry Increase in Accounts Recewable 54500 Question 1 of 1 0.78/1 !!! Depreciation Expense 79,050 Loss on Disposal of Plant Assets 12.750 Increase in Prepaid Expenses 4,080 Increase in Accounts Payable 58.990 37,995 Net Cash Provided by Operating Activities 300781 Cash Flows from investing Activities Purchase of Investments 170.000 Purchase of Plant Assets 19:300 Sale of Plant Assets 2550 Question 1 of 1 > 0.78 / 1 III Net Cash used by Investing Activities 216,750 Cash Flows from Financing Activities Redemption of Bonds 42.251 Sale of Common Stock 76,500 Payment of Cash Dividends 61.200 Net Cash used by Financing Activities 28.951 Net Increase in Cash 55.00 Cash at Beginning of Period 82280 Cash at End of Period 157.500