Current Attempt in Progress Presented below is information for 2022 and 2021 related to the operations of Sunland Electronics. December 31 2022 2021 Cash $30,456 $24,910 Accounts receivable 25,192 21,808 Inventory 22,090 31,960 Prepaid expenses 1,974 2,726 Land 42,300 42,300 Equipment 116,560 92,214 Accumulated depreciation 14,852 18,706 Total $223,720 $197,212 Accounts payable $30,456 $43,710 Wages payable 10,340 9,118 Bonds payable 32,900 Common stock 102,460 98,700 Retained earnings 47,564 45,684 Total $223,720 $197,212 2022 2022 Sales $280,120 Cost of goods sold 136,300 Gross profit 143,820 Depreciation expense 8,084 Other operating expenses 107,160 Income from operations 28,576 Loss on equipment disposal 1,316 Income before income taxes 27,260 Income tax expense 9,212 Net income $18,048 Additional information: a. In 2022, Sunland declared and paid a cash dividend of $16,168. b. C. The company issued $32,900 of bonds at a discount for cash. Equipment with a cost of $15,980 and a book value of $4,042 was sold for cash. New equipment was acquired for cash. The company issued stock for cash. d. e. Prepaid expenses pertain to operating expenses; accounts payable is only used for merchandise purchases. Prepare a statement of cash flows in proper form 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).) Sunland Electronics Statement of Cash Flows Adjustments to reconcile net income to A Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash $ Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash