1. Assets Cash Accounts Receivable Inventory Prepaid Expenses Long-term Investments Plant Assets Accumulated depreciation Boca Inc. Balance Sheets December 31 4. 5. Total Liabilities and Stockholders' Equity Accounts Payable Accrued Expenses Payable Dividends Payable Bonds Payable Common Stock Retained Earnings Total 1 2022 110,800 38,000 112,500 26,000 109,000 397,000 -50,000 743.300 72,000 13,500 3,000 170,000 262,000 222,800 743.300 2021 48,400 87,800 102,850 28,400 138,000 242,500 -52,000 595.950 67,300 21,000 Additional Information: Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 146,000 175,000 186,650 595.950 2. A new plant asset was purchased directly in exchange for common stock valued at $42,000. 3. New bonds were issued at par for $60,000. 2022 Net income was $154,480. A $1,000 prior period adjustment was recorded in 2021 correcting an understatement of depreciation in 2019. The 2021 balance sheet is appropriately restated. 6. The decrease in Long-term Investments was due to a sale of investments at original cost. Required: Prepare a 2022 statement of cash flows using the indirect method. Use your textbook for examples of the cas flow statement in good form. Do not submit supporting computations.

Additional Information: 1. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 2. A new plant asset was purchased directly in exchange for common stock valued at $42,000. 3. New bonds were issued at par for $60,000. 4. 2022 Net income was $154,480. 5. A $1,000 prior period adjustment was recorded in 2021 correcting an understatement of depreciation in 2019. The 2021 balance sheet is appropriately restated. 6. The decrease in Long-term Investments was due to a sale of investments at original cost. Required: Prepare a 2022 statement of cash flows using the indirect method. Use your textbook for examples of the cas flow statement in good form. Do not submit supporting computations