Question 1 of 10 > - /10 E View Policies Current Attempt in Progress Shown below are comparative balance sheets for Flint Corporation. Flint Corporation Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 197,200 $ 63.800 Accounts receivable 255,200 220.400 Inventory 484,300 548,100 Land 232,000 290,000 754.000 (191.400) $1.731,300 580,000 (92.800) $1,609.500 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 113.100 $ 124,700 435.000 580,000 626,400 504.600 556,800 400,200 $1.731,300 $1,609,500 Additional information: 1. 2. 3. 4. Net income for 2022 was $269.700. Depreciation expense was $98,600. Cash dividends of $113,100 were declared and paid. Bonds payable amounting to $145,000 were redeemed for cash $145,000. Common stock was issued for $121,800 cash. No equipment was sold during 2022. Land was sold for its book value 5. 6. 7. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - signeg. -45,000, or in parenthesis e.g (45,000)). Question 1 of 10 - / 10 III State UI LASTROWS December 31, 2022 Cash Flows from Operating Activities Net Income 1434687 Adjustments to reconcile net income to $