Metlock, Inc. reported the following information for 2022. Metlock, Inc. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation--buildings Equipment Accumulated depreciation equipment Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Totals | Privacy Policy 1200- 2022 2021 $112,100 $68,400 117,800 41,800 83,600 -0- 11,400 7,600 104,500 133,000 380,000 380,000 (39,90) (26,600 ) 347,700 129,200 (53,200) (19,000) $1,064,000 $714,400 Change Increase/Decrease $43,700 Increase 76,000 Increase 83,600 Increase 3,800 Increase 28,500 Decrease -0- 13,300 Increase 218,500 Increase 34,200 Increase 5 Z $81,700 0 190,000 437,000 355,300 $1,064,000 $76,000 19,000 285,000 114,000 220,400 $714.400 $5,700 Increase 19,000 Decrease 95,000 Decrease 323,000 Increase 134,900 Increase CALCULATOR FULL SCREEN PRINTER VERSION Metlock, Inc. Income Statement For the Year Ended December 31, 2022 Sales revenue $1,787,900 Cost of goods sold $902,500 Operating expenses 438,900 Interest expense 22,800 Loss on disposal of equipment 3,800 1,368,000 Income before income taxes 419,900 Income tax expense 123,500 Net income $296,400 Additional information 1. Operating expenses include depreciation expnse of $76,000. 2 Land was sold at its book value for cash. 3 Cash dividends of $161,500 were declared and paid in 2022 4 Equipment with a cost of $315,400 was purchased for cash. Equipment with a cost of $96,900 and a book value of $68,400 was sold for $64,600 cash 5 Bonds of $95,000 were redeemed at their face value for cash 5 Common stock (1 par) of $323,000 was issued for cash Use this information to prepare a statement of ra parenthesise.g. (15.0 Use this information to prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or i parenthesis e.g. (15,000).) Metlock, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to > C CALCULATOR FULL SCREEN PRINTER VERSION > > Click if you would like to Show Wale