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Statement of Cash Flows Lincoln Inc. 's Comparative Balance Sheets for 2022 and 2021 and Income Statement for 2022 are presented below. *Operating Expenses include Depreciation Expense and Bad Debt Expense. Additional information from the accounting records: 1. Equipment that cost $15,000 and was 60% depreciated was sold in 2019 . 2. Common stock was issued in exchange for land. 3. No stock dividends were declared 4. Cash dividends were declared and paid during the year. 5. Debt investments that cost $52,500 were sold during the year. 6. There were no write-offs of uncollectible accounts during the year. Instructions: a. Prepare a complete Statement of Cash Flows using the direct method. b. Reconcile net income to cash (Operating section of a Statement of Cash Flows using the indirect method)