Problem 12-07A (Part Level Submission) Presented below are the financial statements of Bonita Industries. Bonita Industries Comparative Balance Sheets December 31 563.000 Inventory Property, plant and ment Accumulated depreciation $199,00 Liabilities and Stockholders' Equity Accounts payable R Commons ed caring Bonita Industries Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Tecor forence Income tax expense Net incon Additional data: 1. Depreciation expense was $31,500 2. Dividends declared and paid were $36,000. During the year equipment was sold for $15,300 cash. This equipment cost $32,400 originally and had accumulated depreciation of $17,100 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 e.g.-15,000 or in parenthesis e.g. (15,000).) Bonita Industries Statement of Cash Flons Asments to condente Additional data: 1. Depreciation expense was $31,500. 2. Dividends declared and paid were $36,000. During the year equipment was sold for $15,300 cash. This equipment cost $32,400 originally and had accumulated depreciation of $17,100 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 e.g. -15,000 or in parenthesis e.g. (15,000).) Bonita Industries Statement of Cash Flows Adjustments to reconcile net income to Attempts: 0 of 3 used AEROLAT SUBMIT