Vaughn Corporation issued the following statement of cash flows for $2022.$

VAUGHN CORPORATION

Statement of Cash Flows$-$Indirect Method

For the Year Ended December $31,2022$

Cash flows from operating activities

Net income

$$55,300$

Adjustments to reconcile net income to net cash

provided by operating activities:

Depreciation expense

Decrease in accounts receivable

Increase in inventory

Decrease in accounts payable

Loss on disposal of plant assets

Net cash provided by operating activities

Cash flows from investing activities

Sale of investments

Purchase of equipment

$$10,000$

$8,500$

$(4,800)$

$(2,300)$

$3,100$

$\frac{14,500}{69,800}$