Exercise 12-10 Shown below are comparative balance sheets for Ivanhoe Company. Ivanhoe Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 142,800 Accounts receivable 184,800 Inventory 350,700 Land 168,000 Equipment 546,000 Accumulated depreciation-equipment (138,600 ) Total $1,253,700 Liabilities and Stockholders' Equity Accounts payable $81,900 Bonds payable 315,000 Common stock ($1 par) 453,600 Retained earnings 403,200 Total $1,253,700 2021 $ 46,200 159,600 396,900 210,000 420,000 (67,200 ) $1,165,500 $ 90,300 420,000 365,400 289,800 $1,165,500 Additional information: 1. Net income for 2022 was $195,300. 2. Depreciation expense was $71,400. 3. Cash dividends of $81,900 were declared and paid. 4. Bonds payable amounting to $105,000 were redeemed for cash $105,000. 5. Common stock was issued for $88,200 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000)). Ivanhoe Company Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work