Additional information: 1. Operating expenses include depreciation expense of $120,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $255,000 were declared and paid in 2022. 4. Equipment with a cost of $498,000 was purchased for cash. Equipment with a cost of $153,000 and a book value of $108,000 was sold for $102,000 cash. 5. Bonds of $150,000 were redeemed at their face value for cash. 6. Common stock ( $1 par) of $510,000 was issued for cash. Comparative Balance Sheets December 31 Splish Brothers Inc. Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to $