Use the template to the right to complete the Statement of Cash Flows using the direct method for operating cash flows. (Not all lines may be required.) AVIS Income Statement for year ended Dec 31, 2022 Revenue Cost of goods sold Operating Expense Salary Expense Loss on Sale of Investments Gain on sale of PP&E Income Tax Expense Net Income AVIS Balance Sheet, As of December 31, $ 4,254 (2,824) (585) (453) (6) 8 (295) 99 AVIS Statement of Cash Flows For the Year Ended 12/31/2022 Cash Flows from Operations (Direct) 2021 2022 Change Cash $ 326 $ 613 $287 Accounts receivable 264 326 62 Inventory 654 462 (192) Prepaid Rent 57 23 (34) Long-term investments 67 86 19 PP&E 547 710 163 Accumulated Depr (275) (355) (80) Total Assets Accounts payable Salaries Payable Bonds Payable Dividends Payable $ 1,640 $ 1,865 67 52 $ (15) 44 53 9 264 189 (75) 80 92 12 Common Stock 546 637 91 Additional Paid in Capital 325 472 147 Retained earnings 314 370 56 Total Liabilities & Equity S 1,640 $ 1,865 Additional information: Amachine with an original cost of $50 was sold when it was 60% depreciated. Depreciation and rent expense are recorded in Operating Expenses. An investment was sold during 2022, resulting in cash proceeds of $10. A machine was purchased by issuing bonds payable $25. 543 in cash dividends was declared Net Cash Flow from Operations Cash Flows from Investing Activities: Net Cash Flow from Investing Cash Flows from Financing Activities Net Cash Flow from Financing Net Change in Cash Beginning Cash Balance Ending Cash Balance