Prepare the corporations cash flow statement using the indirect method

• Net loss for 2022 is $10,000.
• Cash dividends were declared and paid in 2022. No dividends were in arrears at 12/31/21.
• Land was sold for cash at a loss of $4,000. Land was purchased for $9,000 in cash.
• Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash.
• $22,000 of bonds were retired with cash during the year at carrying (book) value.
• Equipment was acquired for common stock. The fair market value of the stock at the time of the exchange was $25,000.

Assets Cash Accounts receivable (net) Prepaid insurance Land Equipment Accumulated depreciation Total Assets Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock Retained eamings Total liabilities and stockholders' equity 2022 2021 $41,000 $31,000 67,000 60,000 25,000 17,000 18,000 40,000 70,000 60,000 (20,000) (13,000) $201,000 $195,000 $3,000 $6,000 27,000 19,000 140,000 115,000 31,000 55,000 $201,000 $195,000