Question #4 (20 points) The 2022 comparative balance sheet and income statement of Nicole Winery, Inc. follows: Current assets: Cash and cash equivalents Accounts receivable Inventory Plant assets: Land Equipment, net Nicole Winery, Inc. Comparative Balance Sheet December 31, 2022 and 2021 Total assets Current liabilities: Accounts payable Accrued liabilities 2022 $26,400 26,700 79,800 34,600 103,900 $271,400 $35,500 28,600 2021 78,000 $15,900 25,500 91,700 11,000 89.700 $233,800 $30,600 30,700 Long-term liabilities: Notes payable Stockholders' Equity: Common stock 88.800 Retained earnings 40.500 Total liabilities and stockholder equity $271,400 $233.800 Increase (Decrease) 64,900 6,600 $10,500 1,200 (11,900) $4,900 (2,100) 101,000 (23,000) 23,600 14,200 $37,600 23,900 33,900 $37,600 Revenues: Sales revenues Interest revenue Expenses: Winery Winery, Inc. Income Statement Year Ended December 31, 2022 Net income Total revenues Cost of goods sold Salary expense Depreciation expense Other operating expenses Interest expense Income tax expense Total expenses $202,200 78,400 14,400 10,200 21,900 19,100 $436,000 8,000 444.000 346.200 $97,800 Additionally, Nicole Winery, Inc. purchased land of $23,600 by financing 100% with long-term notes payable during 2022. During the year, there were no sales of land or equipment, no additional issuances of notes payable, no retirement of stock, and no treasury stock transactions. 1. Prepare the 2022 statement of cash flows, using the indirect method. 2. Your thoughts on the financial health of this company?

Qanese =4 (C0 poiate) The 2922 eomparative balanet shest asd tacome ataber ent of Nicole Winary, lenc. folderst: weck, and ne taresury neck trapactions. 2. Your thoughts en the frundal hesth of thas ecenpany