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Current Attempt in Progress The following information is available for Teal Mountain Corporation for the year ended December 31, 2022. Collection of principal on long-term

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Current Attempt in Progress The following information is available for Teal Mountain Corporation for the year ended December 31, 2022. Collection of principal on long-term loan to a supplier $21.000 Acquisition of equipment for cash 13.500 Proceeds from the sale of long-term investment at book value 24,500 Issuance of common stock for cash 20,300 Depreciation expense 27.500 Redemption of bonds payable at carrying (book) value 33.600 Payment of cash dividends 6,800 Net income 32,500 Purchase of land by issuing bonds payable 47.500 In addition, the following information is available from the comparative balance sheet for Teal Mountain at the end of 2022 and 2021 Cash Accounts receivable Inet) Prepaid insurance Total current assets Accounts payable Salaries and wages payable 2022 $170.200 28.200 19.000 $217,400 2021 $98.000 15.700 13.100 $126,800 $39.200 6,600 $19,400 7.700 In addition, the following information is available from the comparative balance sheet for Teal Mountain at the end of 2022 and 2021: Cash Accounts receivable (net) Prepaid insurance Total current assets Accounts payable Salaries and wages payable Total current liabilities 2022 $170,200 28,200 19,000 $217,400 2021 $98,000 15,700 13,100 $126,800 $39.200 6,600 $45,800 $19,400 7.700 $27.100 Prepare Teal Mountain's statement of cash flows for the year ended December 31, 2022, using the Indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis es. (15,000).) TEAL MOUNTAIN CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to

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