Condensed financial data of Larkspur, Inc. follow. Larkspur, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $105,900 $47,000 Accounts receivable 92,700 33,100 Inventory 112,800 101,000 Prepaid expenses 29,200 25,500 Long-term investments 139,400 114,200 Plant assets 274,500 241,400 Accumulated depreciation (46,800) (52,400) Total $707,700 $509,800 Liabilities and Stockholders’ Equity Accounts payable $111,900 $67,800 Accrued expenses payable 16,000 17,300 Bonds payable 117,200 149,500 Common stock 219,100 175,300 Retained earnings 243,500 99,900 Total $707,700 $509,800 Larkspur, Inc. Income Statement For the Year Ended December 31, 2022 Sales revenue $392,600 Less: Cost of goods sold $136,000 Operating expenses, excluding depreciation 11,700 Depreciation expense 32,300 Income tax expense 27,600 Interest expense 4,000 Loss on disposal of plant assets 7,500 219,100 Net income $173,500 Additional information: 1. New plant assets costing $81,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $47,900 and accumulated depreciation of $37,900 were sold for $2,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $29,900 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.