5 of 7 < > View Policies Current Attempt in Progress Splish Brothers Inc's comparative balance sheets are as follows. Splish Brothers Inc. Comparative Balance Sheets December 31 2022 2021 Cash $16,600 $17,200 Accounts receivable 25,400 22,400 Investments 19.850 16,250 Equipment 59,950 69,850 Accumulated depreciation-equipment (14,150 (10,300) Total $107,650 $115,400 Accounts payable $14,450 $11,050 Bonds payable 10,100 30,000 Common stock 49.900 45,300 Retained earnings 33,200 29,050 Total $107,650 $115,400 Additional information: 1. Net income was $18,450. Dividends declared and paid were $14,300. 2. Equipment which cost $9,900 and had accumulated depreciation of $1,500 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2022. -/2.5 E (a) Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -45,000, or in parenthesis eg. (45,000).) Adjustments to reconcile net income to < < < > Splish Brothers Inc. Statement of Cash Flows Question 5 of 7 < > -/2.5 Question 5 of 7 < > -/2.5 (b) eTextbook and Media Save for Later Attempts: 0 of 7 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above