Problem 12-11A The comparative balance sheets for Splish Brothers Inc. as of December 31 are presented below. Splish Brothers Inc. Comparative Balance Sheets December 31 2022 $ 87,040 $57,600 Accounts receivable 64,000 74,240 Inventory 193.856 181,260 Prepaid expenses 19,558 26,880 Land 185/600 166,400 Buildings 256.000 256,000 Acoumulated depreciation-buildings (76,800) (51,200) Equipment 288.000 198,400 Acumulated depreciation equipment (57.7600) (44,800 ) $959.6054 5865,280 Liabilities and Stockholders' Equity $ 46,080 Accounts payable Bonds payable Common stock, 51 par Retained earnings Total $959.654 Additional information: 1. Operating expenses include depreciation expense of $53,760 ($25,600 of depreciation expense for buildings and $28,160 for equipment). 2. Land was sold for cash at book value. 3. Cash dividends of $15,360 were paid. * Net income for 2017 was $47,360. 5. Equipment was purchased for $117,760 cash. In addition, equipment costing $28,160 with a book value of $12,800 was sold for $10,240 cash. 51,200 shares of $1 par value common stock were issued in exchange for land with a fair value of $51,200. Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Splish Brothers Inc. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to