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Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either signes. 15,000 or in parenthesis es. (15000)

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Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either signes. 15,000 or in parenthesis es. (15000) Sunland Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 45620 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 34650 Increase in Accounts Payable 4845 Decrease in income Taxes Payable 3315 Decrease in faventory Decrease in Accounts Receivable 4080 76415 Decrease in Accounts Receivable 0B0 76415 Net Cash Provided by Operating Activities 91715 Cash Flows from investing Activities Purchase of Land 68850 Sale of Land 88400 Net Cash Provided by Investing Activities 19550 Cash Flows from Financing Activities Issuance of stock 13000 Redemption of bonds 56100 Payment of Dividend 32300 Net Cash Provided by Financing Activities 47600

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