Exercise 12-08 The following information is available for Coronado Industries for the year ended December 31, 2022. S 18,000 Beginning cash balance Accounts payable increase 4,275 Depreciation expense 30,750 Accounts receivable decrease 3,600 2,325 42,900 78,000 28,500 Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used te purchase land 2,925 60,750 Cash used to redeem bonds 49,500 120,000 Cash received from issuing stock Prepare a statement of cash flows 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).) Coronado Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to