2021 Wildhorse Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 47,600 Accounts receivable 61,600 Inventory 116,900 Land 56,000 Equipment 182,000 Accumulated depreciation-equipment (46,200) Total $417.900 Liabilities and Stockholders' Equity Accounts payable $ 27,300 Bonds payable 105,000 Common stock ($1 par) 151,200 Retained earnings 134.400 Total $417,900 $ 15,400 53,200 132,300 70.000 140.000 (22,400) $388,500 $ 30,100 140.000 121,800 96,600 $388,500 Additional information: 1. 2. 3. 4 Net income for 2022 was $65,100. Depreciation expense was $23,800. Cash dividends of $27,300 were declared and paid. Bonds payable amounting to $35,000 were redeemed for cash $35,000. Common stock was issued for $29.400 cash. No equipment was sold during 2022. Land was sold for its book value. 5. 0 7 Prestatach Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-signeg. -45,000, or in parenthesis eg. (45,000)). Wildhorse Company Statement of Cash Flows Adjustments to reconcile net income to $