Comparative Balance Sheets December 31 Kingbird, Inc. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $815.766 Less: Cost of goods sold $284,466 Operating expenses, excluding depreciation 26,061 Additional information: 1. New plant assets costing $210,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $120,750 and accumulated depreciation of $101.850 were sold for $3,150cash 3. Bondi payable matured and were paid off at face value for cash. 4. A cash dividend of $54,663 was declared and paid during the year. Prepare a statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either a - stgn es, -15,000 or in porenthesis es. ( 15.000d) lor in inereasen ipepasa txpenser Increase in Accounts Payable Decrease in Accrued Expenses Payable Cash Flows from Operating Activities Cash Fiows from tnvesting Activities Cash Flows from Financing Activities Redemption of Bonds Sale of Common 5 tock Payment of Cash Dividends Cash Flows from Financine Activities Net increase in Cash Cash at Beginning of Period. Cash at End of Period eTextbook and Media