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Condensed financial data of Monty Corp. follow. 1. New plant assets costing $79,800 were purchased for cash during the year. 2. Old plant assets having an original cost of $47,100 and accumulated depreciation of $36,700 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $40,300 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. 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). Monty Corp. Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $32200 Loss on Disposal of Plant Assets 7500 Increase in Accounts Receivable 58100 Increase in Inventory \begin{tabular}{|l||} \hline 97800 \\ \hline \end{tabular} Increase in Prepaid Expenses Increase in Accounts Payable Decrease in Accrued Expenses Payable Net Cash Provided by Operating Activities Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets Sale of Plant Assets Purchase of Investments Net Cash Used by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Redemption of Bonds Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period

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