Wildhorse Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 94,500 $ 54,000 Accounts receivable 54,000 37,800 Inventory 75,600 54,000 Property, plant, and equipment 162,000 210,600 Accumulated depreciation (86,400) (64,800) Total $ 299,700 $ 291,600 Liabilities and Stockholders' Equity Accounts payable $ 51,300 $ 40,500 18,900 21,600 Income taxes payable Bonds payable 45,900 89,100 Common stock 48,600 37,800 Retained earnings 135,000 102,600 Total $299,700 $ 291,600 Wildhorse Company Income Statement For the Year Ended December 31, 2022 Sales revenue $ 653,400 Cost of goods sold 472,500 Gross profit 180,900 Selling expenses $ 48,600 Administrative expenses 16,200 64,800 Income from operations 116,100 Interest expense 8,100 Income before income taxes 108,000 Income tax expense 21,600 Net income 86,400 Additional data: Additional data: 1. Depreciation expense was $ 47,250. 2. 3. Dividends declared and paid were $ 54,000. During the year equipment was sold for $ 22,950 cash. This equipment cost $ 48,600 originally and had accumulated depreciation of $ 25,650 at the time of sale. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.g. (15,000).)