The comparative statements of financial position for Judy Inc. are presented below: JUDY INC. Comparative Statements of Financial Position Assets Cash. Accounts receivable. Inventory. Prepaid expenses. Investments... Property, plant, and equipment.. Accumulated depreciation.... Total.. Accounts payable...... Accrued expenses payable.. Bonds payable. Common shares.. Retained earnings. Total..... 2022 2021 $ 68,000 $ 36,000 97,000 180,000 5,000 64,000 140,000 4,000 30,000 20,000 448,000 400,000 (100,000) (80,000) $728,000 $584,000 Liabilities and Shareholders' Equity $ 76,000 20,000 260,000 $ 68,000 24,000 200,000 100,000 150,000 272,000 142,000 $728.000 $584.000 JUDY CORPORATION Statement of Income Year Ended December 31, 2022 Sales Expenses Cost of goods sold $580,000 Operating expenses (excluding depreciation). 180,000 Depreciation expense 30,000 Interest expense 18,000 Loss on sale of property, plant, and equipment. 8,000 Income before income tax. Income tax expense. Net income.. $1,000,000 816,000 184,000 34,000 $ 150,000 Additional information regarding fiscal 2022: 1. New property, plant, and equipment costing $66,000 was purchased for cash. 2. Old property, plant, and equipment costing $18,000 was scrapped when the carrying amount was $8,000. 3. A cash dividend of $20,000 was declared and paid during the year. 4. Accounts payable pertain to merchandise purchases. 5. Accrued expenses pertain to operating expenses. 6. The bonds were originally issued at face value. Instructions Prepare the operating activities section of the cash flow statement using the indirect method