Here are comparative balance sheets for Vaughn Company:

Additional information:

Net income for $2022$ was $$124,000$

Cash dividends of $$40,920$ were declared and paid.

Bonds payable amounting to $$74,400$ were redeemed for cash $$74,400.$

Common stock was issued for $$52,000$ cash.

Equipment that cost $$62,000$ and had a book value of $$37,200$ was sold for $$44,640$ during $2022$; land was sold at cost$.$

$($a$)$

Your answer is partially correct.

Prepare a statement of cash flows for $2022$ using the indirect methad. $($Show amounts that decrease cosh flow with either a $-$ sign eg$.$

$-15,000$ or in parenthesis eq $)$

Adfustments to reconcile net income to

Net Cash Prowided by Operating Actvolties