Prepare a statement of cash flows for $2022$ using the indirect method.

Ch.12 Homework Question 3 of 3 View Policies Current Attempt in Progress Here are comparative balance sheets for Vaughn Company. VAUGHN COMPANY Comparative Balance Sheets Decernber 31 -/20 Assets Cash Accounts receivable Inventories Land Equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 2022 $71,540 85,260 166,600 70.560 254,800 (64,680) $36,260 147,000 211,680 189,140 $584,080 2021 $21,560 74,480 187,180 98 196,000 (31,360) $46,060 205,800 170,520 123,480 $545,860 sup PORT 1. 2. 3. 4. 5. Net income for 2022 was $98,000. Cash dividends Of $32,340 were declared and paid. Bonds payable amounting to $58,800 were redeemed for cash $58,800. Common stock was issued for $41, 160 cash Equipment that cost $49,000 and had a book value of $29,400 was sold for $35,280 during 2022; land was sold at cost. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - e.g. -15,000 or in parenthesis e.g. (15,000).) VAUGHN COMPANY Statement of Cash Flows Adjustments to reconcile net income to eTextbook and Media Save for Later (b) Attempts: O of 5 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.