Lily Corporation's comparative balance sheets are presented below. LILY CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14,800 $10,400 Accounts receivable 20,700 23,100 Land 20,500 26,200 Buildings 69.600 69,600 Accumulated depreciation-buildings (14,800) (10,800) Total $110.800 $118,500 Accounts payable $12,800 $30,900 Common stock 74.000 68,400 Retained earnings 24,000 19,200 Total $110,800 $118,500 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,600. (a) -/1 III Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000, or in parenthesis eg. (15.000).) LILY CORPORATION Statement of Cash Flows Adjustments to reconcile net income to $ $ 4 (b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $