me: 02:29 PM / Remaining: 110 min. The following information is available for Kingbird Corporation for the year ended December 31, 2022. Beginning cash balance $36,000 Accounts payable decrease 3,000 Depreciation expense 85,000 Accounts receivable increase 8,700 Inventory increase 14,100 Net income 298,500 Cash received for sale of land at book value 36,000 Sales revenue 740,500 Cash dividends paid 11,500 Income tax payable increase 4,200 Cash used to purchase building 147,500 Cash used to purchase treasury stock 38,800 Cash received from issuing bonds 203,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow KINGBIRD CORPORATION Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to