A comparative balance sheet for Graco, Inc., on December 31, 2022 and 2021, follows. Additional information about the firms financial activities during 2022 is also given below. GRACO, INC. Comparative Balance Sheet December 31, 2022 and 2021 Assets 2022 2021 Cash $ 89,500 $ 42,300 Accounts Receivable (Net) 129,000 79,300 Merchandise Inventory 45,000 42,700 Property, Plant, and Equipment 234,000 187,000 Less: Accumulated Depreciation (36,400 ) (18,700 ) Total Assets $ 461,100 $ 332,600 Liabilities and Stockholders' Equity Liabilities Accounts Payable 42,000 57,500 Bonds Payable 144,000 97,000 Total Liabilities $ 186,000 $ 154,500 Stockholders' Equity Common Stock, ($1 par, 500,000 shares authorized, 60,000 shares issued in 2021 and 80,000 shares issued in 2022) 80,000 60,000 Retained Earnings 195,100 118,100 Total Stockholders Equity $ 275,100 $ 178,100 Total Liabilities and Stockholders Equity $ 461,100 $ 332,600 Additional information for the year follows: Had net income of $77,000. Recorded $17,700 in depreciation. Issued bonds payable with a par value of $47,000 at par and received cash. Received $20,000 in cash for the issue of an additional 20,000 shares of $1 par value common stock. Purchased equipment for $47,000 in cash. Required: Prepare a statement of cash flows for 2022. (Amounts to be deducted should be indicated with a minus sign.)

A comparative balance sheet for Graco, Inc., on December 31, 2022 and 2021, follows. Additional information about the firm's finan activities during 2022 is also given below. Additional information for the year follows: a. Had net income of $77,000. b. Recorded $17,700 in depreciation. c. Issued bonds payable with a par value of $47,000 at par and received cash. d. Received $20,000 in cash for the issue of an additional 20,000 shares of $1 par value common stock. e. Purchased equipment for $47,000 in cash. Required: Prepare a statement of cash flows for 2022. (Amounts to be deducted should be indicated with a minus sign.)