LILY COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory 2022$57,90043,500149,0002021$48,70062,400144,400 Prepaid expenses 13,50025,500 Land 145,400133,400 Buildings 200,800 hs 200,800 Accumulated depreciation-buildings (58,200)(32,000) Equipment 228.300155,400 Accumulated depreciation-equipment Total $737,700(42,500)$702,700(35,900) Question 3 of 3 Liabilities and Stockholders' Equity \begin{tabular}{lrr} Accounts payable & $46.100 & $39,800 \\ Bonds payable & 260,000 & 260,000 \\ Commonstock, $1 par & 191,800 & 159,800 \\ Retainedearnings & 239,800 & 243,100 \\ Total & $777.700 & $702.700 \\ \hline \end{tabular} Additional information: 1. Operating expenses include depreciation expense of $42,000($26,200 of depreciation expense for buildings and $15,800 for equipment). 2. Land was sold for cash at book value. 3. Cash dividends of $49,200 were declared and paid. 4. Net income for 2022 was $45,900. 5. Equipment was purchased for $94,500 cash in addition, equipment costing $21,600 with a book value of $12,400 was sold for $5,600 cash 6. 32,000 shares of 51 par value common stock were issued in exchange for land with a fair value of 532,000. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method: (Show amounts that decrease cash flow witheither a -sign eg. 15,000 or in parenthesiseg. (15,000) )