X Based upon the following information provided for Newco., prepare the Spring 2022 SCF using the indirect method. Home Newco yllabus Announcements Comparative Balance Sheets Modules 12/31/2022 12/31/2021 Difference Grades YuJa Cash 75,000 45,000 30,000 Zoom PRO Accounts receivable 190,000 150,000 40,000 Prepaid Insurance 10,000 18,000 (8,000) Investment in Trading Debt 35,000 40,000 (5,000) Securities Land 20,000 (20,000) Equipment 100,000 100,000 Accum. depreciation- (15,000) (10,000) (5,000) equipmentX Spring 2022 Equipment 100,000 100,000 Home Accum. depreciation- (15,000) (10,000) (5,000) Syllabus equipment Announcements Total assets 395,000 363,000 (32,000) Modules Grades YuJa Accounts payable 43,000 30,000 13,000 Zoom PRO 12 % Bonds payable (due 52,000 (52,000) 2022) Common stock, $1 par value 55,000 50,000 5,000 Additional Paid In Capital: 240,000 185,000 55,000 Common Stock Retained earnings 57,000 46,000 11,000 Total liabilities and 395,000 363,000 _(32,000) stockholders' equityX Income Spring 2022 Statement Home For the Year Syllabus Ending 12/31/22 Announcements 167,000 Modules Service Revenue Grades Less: Operating Expenses (116,000) YuJa Net Operating Income 51,000 Zoom PRO Other Revenue and Gains: Gain on Sale of Debt 6,000 Securities Other Losses and Expenses: Loss on Sale of Land 8,000 Interest Expense 12,000 (20,000) _(14,000) Income before taxes 37,000X . WEBCAM 022 1. An investment (in Debt Securities) with a book value of $5,000 was sold for cash for a gain of $6,000. us 2. Land with a book value of $20,000 was sold for cash at a loss of uncements $8,000. les 3. Depreciation is included in operating expenses. hs 4. $52,000 of bonds payable were retired for cash during PRO 2022. 5. 5,000 shares of $1 par value common stock were issued for cash during 2022. 6. Cash dividends were declared and paid during the year. Enter your answers below (insert commas in numerical values and parenthesis for negative amounts - do NOTenter dollar symbols): Newco Statement of Cash Flows: Indirect Method FYE 12/31/22