Assets Cash Accounts receivable Inventory Land Mitch Company Comparative Balance Sheets December 31 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity 2022 $ 68,000 2021 $ 22,000 88,000 76,000 167,000 189,000 80,000 100,000 260,000 200,000 (66,000) (32,000) $597,000 $555,000 Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 1. Net income for 2022 was $93,000. 2. Depreciation expense was $34,000. Cash dividends of $39,000 were declared and paid. $ 39,000 $ 43,000 150,000 200,000 216,000 174,000 192,000 138,000 $597,000 $555,000 Bonds payable amounting to $50,000 were redeemed for cash $50,000. 5. Common stock was issued for $42,000 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Instructions Prepare a statement of cash flows for 2022 using the indirect method.