Question 11 of 13 Current Attempt in Progress Here are comparative balance sheets for Bonita Company. BONITA COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 84,680 $ 25,520 Accounts receivable 100,920 88,160 Inventories 197,200 221,560 Land 83,520 116,000 Equipment 301,600 232,000 Accumulated depreciation (76,560) (37,120) Total $691,360 $646,120 Liabilities and Stockholders' Equity Accounts pavable $ 42.920 $ 54.520 Question 11 of 13 - / 18.99 $42.920 $ 54,520 174,000 243,600 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 250,560 201,840 223,880 146,160 $691,360 $646,120 Additional information: 1. 2 3. Net income for 2022 was $116,000. Cash dividends of $38,280 were declared and paid. Bonds payable amounting to $69,600 were redeemed for cash $69,600. Common stock was issued for $48,720 cash. Equipment that cost $58,000 and had a book value of $34,800 was sold for $41,760 during 2022; land was sold at cost. 4. 5. - / 18.99 Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - signe -15,000 or in parenthesis eg. (15,000).) BONITA COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Question 11 of 13 -/18. Increase in Accounts Payable Decrease in Prepaid Expenses > > > stion 11 of 13 - / 18.99 C e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Question Part Score --/17.5 ENG107 Final Por....pdf