Pearl Industries Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 190,400			$ 61,600
Accounts receivable		246,400			212,800
Inventory		467,600			529,200
Land		224,000			280,000
Equipment		728,000			560,000
Accumulated depreciationequipment		(184,800	)		(89,600	)
Total		$1,671,600			$1,554,000
Liabilities and Stockholders Equity
Accounts payable		$ 109,200			$ 120,400
Bonds payable		420,000			560,000
Common stock ($1 par)		604,800			487,200
Retained earnings		537,600			386,400
Total		$1,671,600			$1,554,000

Additional information:

1.		Net income for 2022 was $260,400.
2.		Depreciation expense was $95,200.
3.		Cash dividends of $109,200 were declared and paid.
4.		Bonds payable amounting to $140,000 were redeemed for cash $140,000.
5.		Common stock was issued for $117,600 cash.
6.		No equipment was sold during 2022.
7.		Land was sold for its book value.

Prepare a statement UI CASTI TUWS TU 2022 using the rulreclinervu. (SHOW Univurits that decreuse cush FIOW parenthesis e.g. (45,000)). Pearl Industries Statement of Cash Flows Adjustments to reconcile net income to