Presented here are the financial statements of Coronado Company. Your answer is partially correct. Prepare a statement of cash flows for Coronado Company using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) CORONADO COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Cash Receipts from Customers Less cash payments: Decrease in Accounts Receivable Decrease in Inventorv Increase in Accounts Pavalbe Decrease in Income Taxes Pavable Net Cash Provided by Operating Activities Net Cash Provided bv Investing Activities Sale of Equipment Net Cash Provided by Investing Activities 10500 11100 1100 6800 Free cash flow $ Additional data: 1. Depreciation expense was $17,400. 2. Dividends declared and paid were $20,980. 3. During the year, equipment was sold for $6,800 cash. This equipment originally cost $17,400 and had accumulated depreciation of $10,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account