4. (25 points) Balance sheet accounts for Gondos Company contained the following amounts at the end of 2022 and 2021 Cash Accounts receivable- Inventory Prepaid rent Plant and equipment Accumulated depreciation Total Assets ASSETS 2022 $25,000 2021 $20,000 100,000 59,000 115,000 60,000 14,000 21,000 620,000 500,000 (180.000) (135.000) $66.000 $525.000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Accrued wages payable Bonds payable Common stock ($10 par) Retained earnings Total Liabilities and SH Equity $85,000 $75,000 22,000 20,000 250,000 150,000 200,000 200,000 139.000 30.000 $696.000 $525.000 The single income statement for Gordon Company for the year ended December 31, 2022 is below: Sales Less: expenses: Cost of goods sold Depreciation expense Income taxes expense Interest expense Rent expense Wages expense Net income $800,000 $430,000 45,000 20,000 40,000 74,000 120.000 729.000 $71.000 Additional information: 1. Cash dividends totaling $12,000 were declared and paid in 2022. 2. No plant and equipment were sold in 2022. 3. No bonds were paid off during 2022. Required: Produce a statement of cash flows for 2022. Give the appropriate closing entries for 2022