Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land 4,900 Cash Flows from Financing Activities Issuance of Common Stock Payment of Dividends Net Increase in Cash Cash at Beginning of Period 11,000 Pina Colada Corp. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities: Net Income $22,500 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $4,900 Loss on Disposal of Plant Assets Decrease in Accounts Receivable - 2,000 Decrease in Accounts Payable Issuance of Common Stock 5,300 Payment of Dividends Net Increase in Cash Cash at Beginning of Period 11,000 Cashat End of Period Additional information: 1. Net income was $22,500. Dividends declared and paid were $18,900. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,900