Bonita Industries reoorted the following information for 2022. Liabilities and Stockholders' Equity Additional information: 1. Operating expenses include depreciation expense of $72,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $153,000 were declared and paid in 2022. 4. Equipment with a cost of $298,800 was purchased for cash. Equipment with a cost of $91,800 and a book value of $64,800 was sold for $61,200 cash. 5. Bonds of $90,000 were redeemed at their face value for cash. 6. Common stock ( $1 par) of $306,000 was issued for cash. Bonita Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to $