Metlock, Inc. reported the following information for 2022. Metlock, Inc. Comparative Balance Sheets December 31 Assets Change Increase/Decrease 2022 2021 Cash $112,100 $68,400 $43,700 Increase Accounts receivable 117,800 41,800 76,000 Increase Inventory 83,600 -0- 83,600 Increase Prepaid expenses 11,400 7,600 3,800 Increase Land 104,500 133,000 28,500 Decrease Buildings 380,000 380,000 -0- Accumulated depreciation-buildings (39,900) (26,600 ) 13,300 Increase Equipment 347,700 129,200 218,500 Increase Accumulated depreciation-equipment (53,200) (19,000) 34,200 Increase Totals $1,064,000 $714,400 Liabilities and Stockholders' Equity Accounts payable $81,700 $76,000 $5,700 Increase Accrued expenses payable 0 19,000 19,000 Decrease Bonds payable 190,000 285,000 95,000 Decrease Common stock ($1 par) 437,000 114,000 323.000 Increase Retained earnings 355,300 220.400 134,900 Increase Totals $1,064,000 $714.400 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 419.900 123.500 Income tax expense Net income $296,400 Additional information: 1. Operating expenses include depreciation expense 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. 1835ments/e77b3047a2860585079121051e38d0377525541a53b14172cc52000700793a/question/11 5. Bonds of $95.000 were redeemed at their face value for cash. 6. Common stock ($1 par) of $323,000 was issued for cash. Use this information to prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a- signes -15,000 or in parenthesis es (15,000 Metlock, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to ( >