CHY 1. Prepare a Statement of Cash Flow (using the indirect method in the Operating Activities section.) Gypster Co 2022 2021 Balance Sheet Assets: Cash 24,775 2,629 Accounts Receivable 2,112 1,267 Inventory 6,375 5,977 Equipment 17,176 42,256 Accumulated Depreciation-Equipment (5,942) (16,143) Land 20.306 10.306 +Total Assets 64,802 46,022 Liabilities: Accounts Payable 2,771 4,477 Long-term Debt 2.780 6.355 Total Liabilities 5,551 10,832 Stockholder's Equity: Common Stock 24,100 10,000 Retained Earnings 35 151 25,190 Total Stockholder's Equity 59,251 35 190 Total Liabilities and Stockholder's Equity 64,802 46,022 Gypster Co. Income Statement For the Year Ended December 31, 2022 Sales Revenue Cost of Goods Sold Gross Profit $38,620 (15 307) 23,313 Operating Expenses: Depreciation Total Operating Expenses (3,991) 13,991) 19,322 Operating Income Other items: Gain on Sale of Equipment Loss on Disposal of Land Total Other items 700 (100) 600 $19,922 Net Income Additional Data: 1. During 2022, the company sold equipment for $18,138; it had originally cost $31,900. Accumulated depreciation on this equipment was $14,462 at the time of the sale. Also, the company purchased equipment for $6,820 cash. 2. The company sold land that had cost $4,100. This land was sold for $4,000, resulting in the recognition of a $100 loss. Also, common stock was issued in exchange for title to land that was valued at $14,100 at the time of exchange (place in footnote). 3. Paid dividends of $9,961