Below are the comparative statements of financial position for Headland Corporation. Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Delivery equipment Accumulated depreciation-delivery equipment Patents Inventory Prepaid expenses Accounts receivable Allowance for doubtful accounts Equity investments Cash Dec. 31, 2022 $54,000 135,000 (32,400) 57,240 (20,520 ) 42,120 (23,200) 16,200 88,020 4,536 154,800 (1,944 ) 27,000 17,820 $518,672 Dec. 31, 2021 $54,000 79,380 (24,840 49,680 (16,740) 42,120 (22,140) -0- 70,200 2,700 48,600 (2,160) 20,520 22,680 $324,000 Share capital-ordinary Share premium-ordinary Retained earnings Mortgage payable Bonds payable Accounts payable Short-term notes payable (trade) Accrued payables $151,200 10,800 188,192 78,840 54,000 28,080 4,320 3,240 $518,672 $110,160 4,320 55,620 57,672 67,500 17,280 6,480 4,968 $324,000 Dividends in the amount of $16,200 were declared and paid in 2022. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short- term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) HEADLAND CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2022 2022 Reconciling Items Balance at 12/31/21 Debit Debits Credit Cash $22,680 $ $ Equity investments 20,520 Accounts receivable 48,600 Prepaid expenses 2,700 Inventory 70,200 Land 54.000 Buildings 79,380 Equipment 49,680 Equipment (Delivery) 42.120 Patents Total debits $389,880 Credits Accounts payable $17,280 Short-term notes payable (trade) 6,480 Accured payables 4,968 Allowance for doubtful accounts 2,160 Accumulated Depreciation-Building 24,840 Accumulated Depreciation-Equipment 16,740 Accumulated Depreciation-Delivery Equipment 22,140 Mortgage payable 57,672 Bonds payable 67,500 Share capital-ordinary 110,160 Share premium-ordinary 4,320 Retained earnings 55,620 Total credits $389,880 Headland Corporation Statement of Cash Flows Effects $ $ > Totals Totals $ $