Bonita Corporation's comparative balance sheets are presented below. BONITA CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $15,000 $10,000 Accounts receivable 21,300 23,400 Land 20,400 25,700 Buildings 70,100 70,100 Accumulated depreciation-buildings (15,000) (10,900) Total $111,800 $118,300 Accounts payable $12,400 $27,600 Common stock 74,000 68,500 Retained earnings 25,400 22.200 Total $111,800 $118,300 Additional information: 1. Net income was $23,100. Dividends declared and paid were $19,900. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $5,000. Your answer is partially correct. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a sign es -15,000, or in parenthesis eg. (15,000).) BONITA CORPORATION Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 23100 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 4100 Decrease in Accounts Receivable 2100 Decrease in Accounts Payable 18200 Loss on Disposal of Plant Assets 300 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Net Cash Provided by Investing Activities 5000 24700 11400 5000 Cash Flows from Financing Activities Payment of Dividends Issuance of Common Stock Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period 19900 600 5000 10000 15000 Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Free cash flow $ eTextbook and Media