Presented below is information for 2022 and 2021 related to the operations of Ivanhoe Electronics. December 31 2022 2021 Cash $34,992 $28,620 Accounts receivable 28,944 25,056 Inventory 25,380 36,720 Prepaid expenses 2,268 3,132 Land 48,600 48,600 Equipment 133,920 105,948 Accumulated depreciation 17,064 21,492 Total $257,040 $226,584 Accounts payable $34,992 $50,220 Wages payable 11,880 10,476 Wages payable 11,880 10,476 Bonds payable 37,800 Common stock 117,720 113,400 Retained earnings 54,648 52,488 Total $257,040 $226,584 2022 Sales $321,840 Cost of goods sold 156,600 Gross profit 165,240 Depreciation expense 9,288 Other operating expenses 123,120 Income from operations 32,832 Loss on equipment disposal 1,512 Income before income taxes 31.320 Loss on equipment disposal 1,512 Income before income taxes 31,320 Income tax expense 10,584 Net income $20,736 Additional information: a. In 2022, Ivanhoe declared and paid a cash dividend of $18,576. b. The company issued $37,800 of bonds at a discount for cash. c. d. Equipment with a cost of $18,360 and a book value of $4,644 was sold for cash. New equipment was acquired for cash. The company issued stock for cash. e. Prepaid expenses pertain to operating expenses; accounts payable is only used for merchandise purchases. Prepare a statement of cash flows in proper form for 2022, using the indirect method. (Show amounts that decrease cash flow with eithe a-sign eg.-15,000 or in parenthesis eg. (15,000).) Ivanhoe Electronics Statement of Cash Flows Adjustments to reconcile net income to