Use the Holden Corp. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31,2023, using the indirect method. Additional Information: a. Purchased machinery for $43,000 cash. b. Sold the long-term investment on January 1,2023 for $57,000. c. Sold machinery for $16,000 cash that had originally cost $36,000 and had $27,500 of accumulated depreciation. d. Issued $50,000 of bonds payable at face value. e. The short-term investment is a treasury bill that was purchased with maturity in 90 days. \begin{tabular}{|lrr|} \hline \multicolumn{4}{|c|}{\begin{tabular}{c} Holden Corp. \\ Income Statement \end{tabular}} \\ For Year Ended December 31, 2023 & \\ \hline Sales & & 890,000 \\ Cost Of Goods Sold & 700,000 & \\ Depreciation expense & 37,000 & \\ Other expenses & 40,000 & (777,000) \\ Gain on sale of long-term investment & & 20,000 \\ Gain on sale of machinery & & 7,500 \\ \hline Net income & & 140,500 \\ \hline \end{tabular}