Lily Corporation's comparative balance sheets are presented below. LILY CORPORATION Comparative Balance Sheets December 31 2022 Cash $14,600 Accounts receivable 20,700 20.100 Land 69.500 Buildings Accumulated depreciation-buildings (15,000) Total $109,900 $12.800 Accounts payable 74.200 Common stock 22.900 Retained earnings $109,900 Total 2021 $10,200 23,100 25,700 69,500 (10.900) $117,600 $30,600 68.100 18.900 $117.600 Additional information:

1. Net income was $22,600. Dividends declared and paid were $18,600.
2. No noncash investing and financing activities occurred during 2022.. The land was sold for cash of $4,700.
4. (a)
5. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign eg.
6. -15,000, or in parenthesis e.g. (15,000).)