Condensed financial data of Sinjh Inc. follow.

Additional information:1. New plant assets costing $85,000 were purchased for cash during the year.2. Old plant assets having an original cost of $57,500 were sold for $1,500 cash.3. Bonds matured and were paid off at face value for cash.4. A cash dividend of $40,350 was declared and paid during the year.InstructionsPrepare a statement of cash flows using the indirectmethod.

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SINJH INC. Comparative Balance Sheets December 31 2012 2011 Assets $ 90,800 $ 48,400 Cash Accounts receivable 92.800 33,000 Inventory Prepaid expenses Investments 112.500 102,850 26,000 28.400 138.000 114,000 Plant assets 270.000 242.500 Accumulated depreciation (52,000) (50.000) Total $514,750 $682.500 Liabilities and Stockholders Equity $ 67.300 $112.000 Accounts payable Accrued expenses payable Bonds payable 16.500 17,000 110.000 150,000 Common stock 220,000 175,000 Retained earnings 224.000 105,450 $682,500 $514,750 Total SINJH INC. Income Statement For the Year Ended December 31, 2012 $392.780 Sales Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense $135,460 12,410 46,500 Income taxes 27,280 Interest expense Loss on sale of plant assets 4,730 7.,500 233,880 Net income $158,900