Batod on the fnuceial staternents below, complote amourts in the the statement of cash flows Enter amounts in cokumns S. T, and U. Make no entries in gray celli. You wit not need entres in al the white cels; wse only those needed. Inchude relevant subtotals vitent 4. The seepeny da nol kel any land theris the yea. Morris Company Income Statement For the Year Ended December 31, 2022 Sales Cost of merchandise sold Gross profit \begin{tabular}{|r|r|} \hline$411,600 & \\ \hline 185,200 & \\ \hline & $226,400 \\ \hline \end{tabular} Operating expenses: Wages expense Rent expense Depreciation expense Insurance expense Supplies expense Utilities expense Total operating expenses Net income from operations \begin{tabular}{|r|r|} \hline$50,000 & \\ \hline 24,100 & \\ \hline 20,400 & \\ \hline 14,800 & \\ \hline 9,300 & \\ \hline 7,400 & \\ \hline & 126,000 \\ \hline & $100,400 \\ \hline \end{tabular} Other revenue and expenses Gain on sale of equipment Loss on sale of investment \begin{tabular}{|r|r|} \hline$6,100 & \\ \hline(3,900) & 2,200 \\ \hline \end{tabular} Net income $102,600 Morris Company Retained Earnings Statement For the Year Ended December 31, 2022 Retained earnings, January 1, 2022 Net income Less cash dividends Increase in retained earnings Retained earnings, December 31, 2022 \begin{tabular}{|r|r|} \hline & $58,100 \\ \hline$102,600 & \\ \hline 12,300 & \\ \hline & 90,300 \\ \hline & $148,400 \\ \hline \end{tabular} NC a. All investing and financing activities were for cash. b. The company did not purchase any equipment or investments during the year. c. The company did not sell any land during the year. d. The company did not take out any additional loans during the year. Morris Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of equipment Loss on sale of investment Changes in current operating assets and liabilities: Increase in accounts receivable Decrease in merchandise inventory Increase in prepaid insurance Increase in accounts payable Decrease in wages payable Net cash flow from operating activities \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Cash flows from investing activities: Cash received from sale of equipment Cash received from sale of investment Cash paid to purchase land Net cash flow used for investing activities \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Cash flows from financing activities: Cash received from issuing common stock Cash paid to pay down note Cash paid for dividends Net cash flow used for financing activities \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & \\ \hline \end{tabular} Increase in cash Cash at the beginning of the year Cash at the end of the year