Cash Accounts receivable Investments Equipment CRANE CORPORATION Comparative Balance Sheets December 31 Accumulated depreciation-equipment Total 2022 2021 $16,600 $17,700 25,400 22,500 20,150 15,850 60,050 70,150 (14,150) (10,500) $108,050 $115,700 Accounts payable $14,450 $11,050 Bonds payable 10,800 30,200 Common stock 50,000 44,800 Retained earnings 32,800 29,650 Total $108,050 $115,700 Additional information: Additional information: 1. Net income was $18,750. Dividends declared and paid were $15,600. 2. Equipment which cost $10,100 and had accumulated depreciation of $1,900 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).) CRANE CORPORATION 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 Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable Increase in Accounts Payable +A > +A 3650 4500 2900 3400 18750 $ $ Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow