(a) Your Answer Correct Answer Your answer is partially correct. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) Cash Flows from Operating Activities Net Income Cullumber Company Statement of Cash Flows For the Year Ended December 31, 2022 Adjustments to reconcile net income to Net Decrease in Cash Increase in Accounts Receivable Increase in Accounts Payable Increase in Inventory 15400 -14000 -9000 Decrease In Income Taxes Payable 12000 Depreciation Expense Cash Flows from Operating Activities Cash Flows from Investing Activities Sale of Equipment Cash Flows from Financing Activities Redemption of Bonds Issuance of Common Stock Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period eTextbook and Media Solution -1000 -6000 4000 -25800 32800 3400 36200 8600 -27800 17000 19000 36000 Attempts: 5 of 5 used