SWIFIY INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $377,500 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets Net income $135,700 11,100 49,200 27,600 4,500 $143,000234,5006,400 Additional information: 1. New plant assets costing $100,500 were purchased for cash during the year. 2. Old plant assets having an original cost of $58,400 and accumulated depreciation of $50,800 were sold for $1,200 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $38,700 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. Therewere no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. - 15,000 or in parenthesis e.g. (15,000).) eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer SWIFTY INC. Statement of Cash Flows $ Adjustments to reconcile net income to