LILY COMPANY Comparative Balance Sheets December 31 \begin{tabular}{l||r||r||} \hline Assets & 2022 & 2021 \\ \hline Cash & $37,900 & $19,700 \\ Accounts receivable & 32,300 & 19,500 \\ Inventory & 29,900 & 20,000 \\ Property, plant, and equipment & 60,000 & 78,000 \\ Accumulated depreciation & (29,700) & (23,000) \\ Total & $130,400 & $114,200 \\ \hline \end{tabular} Liabilities and Stockholders' Equity \begin{tabular}{lrr} Accounts payable & $28,800 & $16,700 \\ Income taxes payable & 7,000 & 8,300 \\ Bonds payable & 27,400 & 32,000 \\ Commonstock & 18,100 & 14,100 \\ Retainedearnings & 49,100 & 43,100 \\ Total & $130,400 & $114,200 \\ \hline & & \end{tabular} LILY COMPANY Income Statement 1. Depreciation expense was $15500 2. Dividends dectared and paid were $24,720. 3. During the year, equipment was sold for $9.200 cish, This equipment or iginally cost 518,000 and had accumulated depreciation of $8,800 at the time of sale. 4. Bonds ware redeemed at their carrying value 5. Commotistock was issued at par for cosh. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg - 15,000 ge le manathitiole a itiennht) Compute free cashi fiowi (Enter nesotive amount using either a negotive sian preceding the number es -45 or porentheses es. (45).). Free Cash flow 5