Exercise 12-08 The following information is available for Whispering Winds Corp. for the year ended December 31, 2022 Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 16,800 3,990 28,700 3,360 2,170 40,040 72,800 26,600 2,730 56,700 46,200 112,000 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).) Whispering Winds Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ Decrease in Accounts Receivable Decrease in Inventory Increase in Accounts Payable Increase in Income Taxes Payable Net Cash used by Operating Activities CALCULATOR PRINTER VERSION 4 BACK NEXT Decrease in Accounts Receivable 2: 12.01 Decrease in Inventory Increase in Accounts Payable 08 05 12-02 Increase in Income Taxes Payable 12-03 Net Cash used by Operating Activities 2 9A 12-05 12-07 12011 by Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT