Please answer question #11, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

Condensed financial data of Ivanhoe Company appear below: IVANHOE COMPANY Comparative Balance Sheet December 31 Assets 2022 2021 Cash $53,000 $65.700 87.000 122.000 52,000 130,000 Accounts receivable Inventories Prepaid expenses Investments 16.900 29,000 83.000 68,000 Plant assets 317,000 258,000 (64,000 (75.000) $616,600 $526,000 $83,000 Accumulated depreciation Total Liabilities and Stockholder's Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $92.000 20.700 24,300 152.000 136.000 249.500 172,500 118.400 94,200 Total $616.600 $526,000 IVANHOE COMPANY Income Statement For the Year Ended December 31, 2022 Sales $486.000 Less: $296,000 66,500 17.900 Cost of goods sold Operating expenses (excuiding depreciation) Depreciation expense Income taxes Interest expense Loss on disposal of plant assets Net income 16,200 13.100 8,300 418,000 $68.000 1 2. Additional information: New plant assets costing $89,000 were purchased for cash in 2022 Old plant assets costing $28.000 were sold for $5,000 cash when book value was $14.000. Bonds with a face value of $24,000 were converted into $24,000 of common stock A cash dividend of $26,000 was declared and paid during the year. Accounts payable pertain to merchandise purchases. 3. 4. 5. Prepare a statement of cash flows for the year using the direct method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) IVANHOE COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activitles $