1. Here are comparative balance sheets for Jeffrey Company (10 points). JEFFREY COMPANY Comparative Balance Sheets Assets December 31 2022 2021 Cash $ 7,300 $ 2,200 Accounts receivable 8,700 7,600 Inventories Land 17,000 19, 100 7,200 10,000 Equipment 26,000 20,000 Accumulated depreciation (3,200) Total (6,600) $ 59,600 $ 55,700 Liabilities and Stockholders' Equity Accounts payable $ 3,700 $ 4,700 Bonds payable 15,000 21,000 Common stock ($1 par) 21,600 17,400 Retained earnings 19,300 12,600 Total $ 59,600 $ 55,700 Additional information: 1. Net income for 2022 was $10,000. 2. Cash dividends of $3,300 were declared and paid. 3. Bonds payable amounting to $6,000 were redeemed for cash $6,000. 4. Common stock was issued for $4,200 cash. 5. Equipment that cost $5,000 and had a book value of $3,000 was sold for $3,600 during 2022; land was sold at cost. Prepare a statement of cash flows for 2022 using the indirect method