CUUS657 20 uur Vaughn Manufacturing Comparative Balance Sheets December 31 Assets 2022 Cash Accounts receivable 2021 $ 49,500 63,800 156,200 23,100 143,000 220,000 $ 74,800 55,000 166,595 16,808 159,500 220,000 Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment (66,000) (44,000) 247,500 170,500 (49,500) (38,500) $824,703 $743,600 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par $ 49,203 $39,600 330,000 330,000 220,000 176,000 225,500 198,000 $824.703 $743,600 Retained earnings Total Additional information: 1. Operating expenses include depreciation expense of $46,200 ($22,000 of depreciation expense for buildings and $24.200 for equipment). 2. Land was sold for cash at book value 3. Cash dividends of $13.200 were paid 4. Net income for 2017 was $40.700. 5. Equipment was purchased for $101.200 cash. In addition, equipment costing $24,200 with a book value of $11,000 was sold for $8,800 cash. 6. 44,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $44,000. Prepare a 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 - 15,000 or in parenthesis es. (15,0001) Vaughn Manufacturing Statement of Cash Flows Adjustments to reconcile net income to