Exercise 12-10 Shown below are comparative balance sheets for Pronghorn Corp. Pronghorn Corp Comparative Balance Sheets December 31 2022 Assets 2021 $ 217,600 $ 70,400 Cash Accounts receivable 243,200 281,600 534,400 604,800 Inventory 256,000 Land 320,000 Equipment 832,000 640,000 (211,200) (102,400) Accumulated depreciation-equipment $1,910,400 $1,776,000 Total Liabilities and Stockholders' Equity $124,800 $137,600 Accounts payable 640,000 Bonds payable 480,000 Common stock ($1 par) 691,200 556,800 Retained earnings 614,400 441,600 $1,910,400 $1,776,000 Total Additional information: 1. Net income for 2022 was $297,600 2. Depreciation expense was $108,800. 3. Cash dividends of $124,800 were declared and paid. 4. Bonds payable amounting to $160,000 were redeemed for cash $160,000. 5. Common stock was issued for $134,400 cash 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g (45,000)). Pronghorn Corp Statement of Cash Flows Adjustments to reconcile net income to Open Show Work Click if you would like to Show Work for this