Exercise 12-10 Shown below are comparative balance sheets for Blossom Company Blossom Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 102,000 $ 33,000 Accounts receivable 132,000 114,000 Inventory 250, 500 283,500 Land 120,000 150,000 Equipment 390,000 300,000 Accumulated depreciation-equipment (99,000) (48,000) Total $895,500 $832,500 Liabilities and Stockholders' Equity Accounts payable $ 58,500 $ 64,500 Bonds payable 225,000 300,000 Common stock ($1 per) 324,000 261,000 Retained earnings 288,000 207,000 Total $895,500 $832,500 Additional information: 1. Net income for 2022 was $139,500 2. Depreciation expense was $51,000. 3. Cash dividends of $58,500 were declared and paid. 4. Bonds payable amounting to $75,000 were redeemed for cash $75,000 5. Common stock was issued for $63,000 cash 6. No equipment was sold during 2022 7. Land was sold for its book value. 4500 or inerenthesise. 45 Prepare a statement of cash flows for 2022 using the indirect method. (Show a Blossom Company Statement of Cash Flows $ Adjustments to reconcile net income to