Condensed financial data of Vaughn Inc. follow. VAUGHN INC. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $84,300 $50,600 Accounts receivable 89,400 38.200 Inventory 111,800 102,000 Prepaid expenses 29,200 27,200 Long-term investments 139,100 113,000 Plant assets 285,300 241,100 (47,900) (49,400) Accumulated depreciation Total $691,200 $522.700 Liabilities and Stockholders' Equity Accounts payable $110, 100 $65.900 16,300 21,500 Accrued expenses payable Bonds payable 112,600 149.000 Common stock 220,100 176,000 Retained earnings 232,100 110,300 Total $691,200 $522.700 VAUGHN INC. Income Statement For the Year Ended December 31, 2022 $377,800 Sales revenue Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets Net income $135,500 11,100 47,600 27.500 4,700 6,900 233,300 $144,500 Additional information: 2 3 1. New plant assets costing $101.500 were purchased for cash during the year. Old plant assets having an original cost of $57,300 and accumulated depreciation of $49,100 were sold for $1,300 cash Bonds payable matured and were paid off at face value for cash, A cash dividend of $22,700 was declared and paid during the year Common stock was issued at par for cash 6. There were no significant noncash transactions 4 5. 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 c.8. (15,000)) VAUGHN INC. Statement of Cash Flow V V en tereconcineticamato V V >