The income Statement and Balance Showts of Royal Corporation, a marchandising company, are prosented below.

Required: Prepare the stabements of Cash Flows using the indirect method.

$\backslash$table$[[\backslash$table$[[$Royal Corporation $-$ Balance Sheets$],[($dollars in thousands$)]],2023,2022],[$Current Assets,$1,314,000,1,220,000],[$Carih and cach equivalents,$$91\mathrm{.}000,$$$29\mathrm{.}000],[\backslash$table$[[$Accounts Recerivable$]],637,000,654,000],[\backslash$table$[[$Imventories$]],586,000,537,000],[$Fixed Assets,$863,000,833,000],[$Property$,$ plant and equipment,$1,517,000,1,394,000],[(-)$ Accumulated Depereclation,$654\mathrm{.}000,561000],[$Property$,$ plant and equipment,$863\mathrm{.}000,833\mathrm{.}000],[$ASSETS$,2,177,000,2,053,000],[$TOTAL UABIUTIES & OWNER'S EQUITY$],[$Accounts Payable,$264,000,220,000],[$Accrued Erpenses,$193,000,190,000],[\backslash$table$[[$Income tanes payable$]],75,000,71,000],[\backslash$table$[[$Short Term Liabilies$]],532,000,481,000],[$Long Term Liabilities,$4\backslash$pi $9,000,520,000],[$Bonds Payable,$479,000,520,000],[\backslash$table$[[$TOTAL LABIUTIES$]],1,011,000,1,001,000],[$Owedr$\text{'}$s Equity,$1,166,000,1,052,000],[$Coomon Stock,$157,000,155,000],[\backslash$table$[[$Retained Earnings$]],1,009,000,897,000],[$Total Labilities & Owner's Equity,$2,177,000,2,053,000]]$

$\backslash$table$[[\backslash$table$[[$Royal Corporation $-$ Income Statement $-2023],[($dollars in thousands$)]]],[$Sales$,,$$$3,638,000],[(-)$ Coat of Goods Sold,,$\mathrm{.}2,469,000],[$Grass Profit.,,$1,169,000],[(-)$ Operating Expenses,,$-941,000],[$Marketing & Sales Eepunses,$557,370,],[$Administrative Expenses,$383,6330,],[$EBIT$,,22$B$,000],[$Non$-$operating items$],[$Gain on sale of store,,$3000],[\backslash$table$[[$Earnings Before Tax.$]],,231,000],[(-)$ Taxes,,$-91,000],[$Net Profit After Tax,,$140,000]]$

Assume the following facts wilth respect to Royal, Co$.$:

The company sold a store that had an original cost of $$15$ million and accumulated depreciation of $$10$ million. The cash procesds from the sale wore $$8$ million. The gain on the sale was $$3$ milian.

The company did not iscue any new bonds during the year.

The company did not repurchase any of its owen common stock during the wear$-$

The company paid a carh dividend during the year.