Ace2273 Intermediate Aectg II Statement of Cash Flows Comprehensive Assignment Pick-A-Perfect-Pie The balance sheet of Pick-A-Perfoct-Pic Co. provided the information below: Additional Data: a. Net income for the year, $51,000 b. Depreciation expense on plant for the year, 59,000 , on cquipment for the year, $6,000. c. Sales on account, $201,000. d. Purchases on account, 5105,000 . c. Expenses paid in cash (including accrued wages), $45,000. f. Collections on accounts receivable, $192,000. g. Payment on accounts payable, $123,000 h. At the end of the year sold cquipment costing $24,000 ( 50% depreciated) for $9,000 cash. i. Purchaved land corting $30,000; paid $6,000cash, gave long-term note for the balance. j. Paid $12,000 on long-term notes. k. Sold $30.000 of capital shares. 1. Purchased equipment costing $30,000; paid one-half cash, balance due in three years (intcrest-bearing note). m. Issued 1,500 shares common shares valued at 545,000 for land that cost 560,000 , paid balance in cash. n. Paid dividends, 524,000 . o. Sold a long-term investment for $24,000 cash. (Hint-do a T acet for the L.T lnvestment acet) P. Pick-A-Perfect-Pic holds 40% of the Crusty's Crust Co. common stock and accounts for the long-tem investment on the equity method (remember that? 9). Cnusty's Crust Co reported a net income of $30,000 for 2022 . Crusty's Crust Co. paid no cash dividends in 2022. Cost of the investment is equal to 40% of the net assets of Crusty's Crust Co. INSTRUCTIONS: Prepare a Statement of Cash Flows for the year ended December 31, 2022 using the indirect method