Splish Brothers Inc.'s comparative balance sheets are presented below. Splish Brothers Inc. Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings 2022 2021 $ 14,700 $11,000 21,100 23,800 20,000 25,600 70,000 70,000 Accumulated depreciation-buildings (15,400) (10,700) Total $110,400 $119,700 Accounts payable $ 12,300 $31,100 Common stock 74,600 70,800 Retained earnings 23,500 17,800 Total $110,400 $119,700 Additional information: 1. Net income was $23,000. Dividends declared and paid were $17,300. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,700. Your answer is partially correct. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000, or in parenthesis e.g. (15,000).) Splish Brothers Inc. Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Gain on Disposal of Land Decrease in Accounts Receivable Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Gain on Disposal of Land Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Payment of Dividends Net Cash Provided by Financing Activities + Net Decrease in Cash Cash at Beginning of Period Cash at End of Period 4700 900 2700 $ 23 (15,800) (75 4700 800 15 (17300) (165 11 $ 14