Question 4 (20 points) Below is a comparative balance sheet for Culp Corporation prepared at the end of its current fiscal year. 2022 ASSETS 2021 Cash Accounts Receivable, Net Inventory Long Term Investments Patents Total Assets 181.000 52,000 35,000 60,000 $49.000 877,000 138,000 70,000 30,000 77,000 534.000 849,000 LIABILITIES & EQUITY Accounts Payable 50,000 136,000 Salaries Payable 47,000 41,000 Bonds Payable 250,000 200,000 Common Stock 352,000 327,000 Retained Earnings 178.000 145.000 Total Liabilities and Equity 877,000 849,000 Additional Information 1. Dividends of S13,000 were declared and paid during 2022. There were no dividends declared in 2021 2. Long term investments with an original cost of $17.000 were sold in 2022 for $36,000, No long-term investments were purchased during the year 3. $86,000 of bonds were issued at face value to acquire patents in 2022. No other acquisitions of patents were made during the year 4. Patents were sold for $6,000 in 2022 that originally cost $10,000 Required Prepare the operating section of the statement of cash flows for the year ended 12/31/22 YOU MUST SHOW T-ACCOUNTS AND/OR SUPPORTING CALCULATIONS OR YOU WILL RECEIVE 50% CREDIT