Question 5 (12 points) Use the below information to prepare an INDIRECT METHOD Statement of Cash Flows for Turner Company for the year ended December 31, 2022. Turner Company Balance Sheets (in millions) Dec. 31, Dec. 31, 2021 2022 ASSETS: Cash Investments Accounts Receivable Inventory Property & Equipment Accumulated Depreciation Total Assets LIABILITIES & STOCKHOLDERS' EQUITY: Accounts Payable Wages Payable Unearned Revenue Notes Payable Common Stock & APIC Retained Earnings Total Liabilities & Stockholders' Equity $ 155 0 450 770 1,900 (600) $ 2,675 $ 150 100 400 750 1,200 (500) $ 2,100 $ 235 45 35 350 650 1,360 $ 2,675 $ 200 50 25 400 475 950 $2,100 Turner Company Income Statement For the Year Ended Dec 31, 2022 (in millions) Sales $3,000 Cost of Goods Sold 1,400 Depreciation Expense 100 Other Operating Expenses 900 Operating Income 600 Interest Expense 50 Gain on Sale of Investments 75 Income before taxes 625 Income Tax Expense 125 Net Income $ 500 Additional information about 2022 transactions (in millions): The company issued stock and received $175 cash. The company sold investments that had an initial cost of $100 and received $175 cash. The company declared and paid $90 in cash dividends. The company spent $700 cash purchasing Property & Equipment. The company made $50 cash principal payments on its Notes Payable