prepare a statement of cash flows for 2022 usinfg indirect method

Pronghorn Corp Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 70,400 Accounts receivable 243,200 $ 217,600 281,600 534,400 256,000 832.000 (211,200) $1,910,400 604.800 320,000 640,000 (102,400 $1.776,000 Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $ 124,800 480,000 691,200 $ 137,600 640,000 556,800 441,600 $1,776.000 614,400 $1,910,400 Additional information: 1. 2. 3. 4. 5. 6. 7. Net income for 2022 was $297,600. Depreciation expense was $108,800. Cash dividends of $124,800 were declared and paid. Bonds payable amounting to $160,000 were redeemed for cash $160,000. Common stock was issued for $134,400 cash. No equipment was sold during 2022. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash -45,000, or in parenthesis e.g. (45,000)). Pronghorn Corp Statement of Cash Flows Statement of Cash Flows $ Adjustments to reconcile net income to > > Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a- -45,000, or in parenthesis eg. (45,000)). Pronghorn Corp Statement of Cash Flows $