Comparative statements of financial position for C Corporation appear below. C CORPORATION Comparative Statements of Financial Position Cash Accounts receivable. Prepaid insurance. Land Equipment. Accumulated depreciation-equipment. Total assets. Accounts payable. Bonds payable. Assets Dec 31, 2022 $ 78,000 Dec 31, 2021 $ 62,000 146,000 120,000 38,000 34,000 36,000 80,000 140,000 120,000 (40,000) (26,000) $398.000 $390,000 Liabilities and Shareholders' Equity Common shares. Retained earnings. Total liabilities and shareholders' equity. Additional information regarding fiscal 2022 1. A loss of $50,000 was reported for the year. $ 22,000 54,000 $ 12,000 38,000 280,000 230,000 42,000 110,000 $398.000 $390.000 Additional information regarding fiscal 2022 1. A loss of $50,000 was reported for the year. 2. Cash dividends were declared and paid. 3. Land was sold for cash at a loss of $20,000. This was the only land transaction during the year. 4. Equipment with a cost of $30,000 and accumulated depreciation of $20,000 was sold for $10,000 cash. 5. The bonds were originally issued at face value. $24,000 worth of bonds were retired during the year at their carrying amount. 6. Equipment was exchanged for common shares. The fair value of the shares at the time of the exchange was $50,000. Instructions Using the indirect method, prepare a statement of cash flows for the year ended December 31, 2022