QUESTION (23 MARKS) A comparative balance sheet for Hello Corporation is presented below: HELLO CORPORATION Comparative Balance Sheet as at December 31. Cash Accounts receivable (net) Prepayments Land Equipment Accumulated depreciation of equipment Total Assets Assets 2022 2021 $ 36,000 $ 31,000 70,000 60,000 25,000 17,000 18,000 40,000 70,000 60,000 (20,000) (13,000) $199,000 $195,000 Liabilities and Stockholders' Equity Accounts payable $ 11,000 $ 6,000 Bonds payable Common stock 27,000 140,000 19,000 115,000 Retained earnings Total liabilities and stockholders' equity 21,000 $199,000 55.000 $195,000 Additional information for year ended 31 December 2022: 1. Net loss for year ended 31 December 2022 is $20,000. 2. Land was sold for cash at a loss of $4,000. This was the only land transaction during the year. 3. Equipment with cost of $15,000 and accumulated depreciation of $10,000 was sold for $8,000 cash, during the year. 4. $22,000 of bonds were redeemed during the year at carrying (book) value. Required: Prepare a statement of cash flows for the year ended 31 December 2022, using the indirect method. (23 marks)