Aikman Corp. Selected Comparative Balance Sheet Accounts Cash Accounts Receivable Inventory Prepaid Expenses Property, Plant & Equipment Accumulated Depreciation Accounts Payable Accrued Payables Note Payable Common Stock PIC-in excess of PV-CS Retained Earnings 12/31/2022 12/31/2021 2,000 30,000 12,000 15,000 26,000 25,000 4,000 2,000 80,000 50,000 (32,000) (30,000) (9,000) (6,000) (2.000) (1,000) 0 (30,000) (40,000) (20,000) (10,000) (5,000) (31,000) (30,000) Aikman Corp Income Statement For the year ended 12/31/22 Sales Cost of goods sold Gross Profit Operating expenses Depreciation expense Loss on Sale of PPE Net Income $100,000 -40.000 60,000 -50,000 5,000 -2,000 $3,000 Aikman Corp. Statement of Retained Earnings For the year ended 12/31/22 Beginning retained earnings, 1/1/22 Add: Net Income Less: Dividends Ending retained earnings, 12/31/22 $30,000 3,000 -2,000 $31,000 Additional information: Aikman Corp purchased $40,000 of PPE in 2022 Instructions: 1. Prepare a statement of cash flows for 2022 using the direct method