1/2 data for Johnston Enterprises is presented below. Prepare a ement of cash flows for the year ending December 31, 2022 Johnston Enterprises Balance Sheet and Income Statement Data December 31, Current Assets: Cash 2022 December 31, 2021 Accounts Receivable $163,000 $119,000 Inventory 228,000 306,000 Total Current Assets 391,000 340,000 782,000 765,000 Property, Plant, and Equipment Less: Accumulated Depreciation 1,241,000 1,122,000 +1 Total Assets (476,000) (442,000) $1,547,000 $1,445,000 Current Liabilities: Accounts Payable $177,000 $102,000 Notes Payable 51,000 68,000 Income Tax Payable 85,000 76,500 Total Current Liabilities 313,000 246,500 Bonds Payable 350,000 391,000 Total Liabilities 663,000 637.500 Stockholders' Equity: Gemmon Stock 510,000 467,500 Retained Earnings 374.000 340,000 Total Stockholders' Equity 884,000 807,500 Total Liabilities & Stockholders' Equity $1,547,000 $1,445.000 Sales 1,615,000 $1,513,000 Loss Cost of Goods-Sold 731,000 731,000 Gross Profit 884,000 782,000 Expenses: Depreciation Expense Salary Expense Interest Expense Loss on Sale of Equipment Income Before Taxes 153,000 136,000 391,000 357,000 34,000 34,000 12,000 0 294,000 255,000 118,000 102,000 $176,000 $153,000 Less Income Tax Expense Net Income Additional Information: During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000. 15313