Here are comparative balance sheets for Lily Company LILY COMPANY Comparative Balance Sheets December 31 2022 Assets 2021 Cash $ 80,300 $ 24,200 95,700 83,600 Accounts receivable Inventories 187,000 210,100 110,000 Land 79,200 Equipment 286,000 220,000 Accumulated depreciation (72,600) (35,200) $612.700 Total $655,600 $ 40,700 $ 51,700 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings 165,000 231.000 191,400 237,600 212.300 138,600 $612,700 Total $655,600 Additional information 1 2. Net income for 2022 was $110,000 Cash dividends of $36,300 were declared and paid. Bonds payable amounting to $66,000 were redeemed for cash $66.000 3. 4. Common stock was issued for $46.200 cash 5. Equipment that cost $55,000 and had a book value of $33,000 was sold for $39.60 Question 20 of 20 - / 15 1 2. 3. Net income for 2022 was $110.000. Cash dividends of $36,300 were declared and paid. Bonds payable amounting to $66,000 were redeemed for cash $66,000. Common stock was issued for $46,200 cash. Equipment that cost $55,000 and had a book value of $33,000 was sold for $39.600 during 2022; land was sold at cost 4 5. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a -sign es -15,000 or in parenthesis es. (15,000).) LILY COMPANY Statement of Cash Flows O AI Type here to search 75F Haze