Indigo Corporation Comparative Balance Sheets December 31 Assets 2022 Cash $ 95,200 Accounts receivable 123,200 Inventory 233,800 Land 112,000 Equipment 364,000 Accumulated depreciation-equipment (92,400) Total $835,800 Liabilities and Stockholders' Equity Accounts payable $ 54,600 Bonds payable 210,000 Common stock ($1 par) 302,400 Retained earnings 268,800 Total $835,800 2021 $ 30,800 106,400 264,600 140,000 280,000 (44,800) $777,000 $ 60,200 280,000 243,600 193,200 $777,000 Additional information: 1. Net income for 2022 was $130,200. 2. Depreciation expense was $47,600. 3. Cash dividends of $54,600 were declared and paid. 4. Bonds payable amounting to $70,000 were redeemed for cash $70,000. 5. Common stock was issued for $58,800 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. (45.00022 Indigo Corporation Statement of Cash Flows 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 Inventory Increase in Accounts Receivable Decrease in Accounts Payable Net Cash Provided by Operating Activities Net Cash Provided by Investing Activities Sale of Land Purchase of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Payment of Cash Dividends Redemption of Bonds Net Cash used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO