$25$ pts Rayon Company has the following balance sheets and income statement:

pts Dr. Bal. Cr. Bal yon ompany ast e o owing a ance s Cash Receivables Inventories Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Sales Cost of Sales Loss on sale of Assets Expenses Income 2022 $15,000 6,000 / 17,000 | 33,000 -8 000 $63,000 $10,000 20,000 33 000 / $63,000 eets an 72,000 -2,000 16 000 Income statement: 2021 $10,000 / 10,000 18,000 40,000 -10 000 $68,000 $15,000 16,000 37 000 $68,000 $110,000 90 000 $20,000 Cash Flow T Account Method Cash Income Depreciation Loss Acc Rec Acc Payable Operations Investing Financing Change in Cash Change Cr. Acc Receivable Cr. Accumul Depreciation Cr. Common Stock Cr. Invento Cr. Acc Payable Cr. Retained Earnings Cr. Cr. Depreciation expense for the year was $5,000. Equipment costing $15,000 and having a book value of $8,000 was sold at a loss. Other equipment was purchased during the year, stock was issued for $4,000, and a dividend was paid. In proper format, prepare using the indirect method a cash flow statement for 2022. To accomplish this, use the T account worksheet to the right of the financial statements and conduct the method. When completed, prepare in proper format, the cash flow statement.