Problem 12-07A (Part Level Submission) Presented below are the financial statements of Oriole Company. Oriole Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 77,000 Accounts receivable 44,000 Inventory 61,600 Property, plant, and equipment 132,000 Accumulated depreciation (70,400 ) Total $244,200 2021 $ 44,000 30,800 44,000 171,600 (52,800 ) $237,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 41,800 15,400 37,400 39,600 110,000 $244,200 $ 33,000 17,600 72,600 30,800 83,600 $237,600 Oriole Company Income Statement For the Year Ended December 31, 2022 CALCULATOR FULL SCREEN PRINTER VERSION BACK Prepare a statement of cash flows using the Indirect method. Show amounts that decrease c h ow with the sign -15.000 or in parenthesis (15.000)) Oriol Company Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to DOONILOR TODOOV Wermutu Retained earnings Total 110,000 $244,200 83,600 $237,600 Oriole Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $39,600 Administrative expenses 13,200 Income from operations 3532,400 385,000 147,400 Interest expense 52,800 94,600 5.600 88,000 17,600 $ 70,400 Income before income taxes Income tax expense Net income Additional data: 1. Depreciation expense was $38,500 2. Dividends declared and paid were $44,000 3. During the year equipment was sold for $18,700 cash. This equipment cost $39,600 originally and had accumulated depreciation of $20,900 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 sign .g. -15,000 or in parenthesis .. (15,000).) CALCULATOR FULL SCREEN PRINTER VERSION Attempts: 0 of 3 used SAVE FOR LATER BUAHIT