Swifty Corporation has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Swifty Corporation for 2022 and 2021 are provided below. The following additional data were provided: 1. Dividends for the year 2022 were $194000. 2. During the year, equipment was sold for $239000. This equipment cost $352000 originally and had a book value of $286000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. The net cash provided (used) by investing activities is $(286000). $239000. $47000. 5(352000) \begin{tabular}{lrr} \hline Accounts payable & $177000 & $98000 \\ Income taxes payable & 350000 & 390000 \\ Bonds payable & 360000 & 598000 \\ Commonstock & 213750 & 214000 \\ Retained earnings & 341250 & 248000 \\ & $1442000 & $1548000 \\ \hline \end{tabular} INCOME STATEMENT For the Year Ended December 31, 2022 Sales revenue Cost of sales Gross profit Selling expenses Administrative expenses $840000071510001249000795000