cash flow statement

please correct and answer.

Shown below are comparative balance sheets for Sandhill Company. Sandhill Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 52,800 $ 163,200 211,200 Accounts receivable 182.400 Inventory 453.600 400,800 192.000 Land 240,000 Equipment 624.000 480,000 Accumulated depreciation-equipment (76.800) (158,400) $1,432.800 Total $1.332.000 Liabilities and Stockholders' Equity Accounts payable $ 93,600 360.000 $18.400 $103.200 480,000 417,600 Bonds payable Common stock 51 par) ow Total $1,432,800 $1,332,000 Liabilities and Stockholders' Equity Accounts payable $93.600 $ 103,200 Bonds payable 360,000 480,000 Common stock ($1 par) 518,400 417,600 Retained earnings 460.800 331,200 Total $1.432.800 $1,332,000 Additional information: 1. Net income for 2022 was $223,200. 2. Depreciation expense was $81.600. 3. Cash dividends of $93.600 were declared and paid. 4. Bonds payable amounting to $120.000 were redeemed for cash $120,000 5. Common stock was issued for $100.800 cash. 6. No equipment was sold during 2022 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts ti Sandhill 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 Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flo o minwesting ACEITES Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment Sale of Land Net Cash used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Issuance of Common Stock Redemption of Bonds Net Cash used by Financing Activiti Payment of Cash Dividends Issuance of Common Stock Redemption of Bonds Net Cash used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Attempts: 0 of 1 used Save for Later Sub Send to Gradebook