Question 4 Use the following Balance Sheet and Income Statement to prepare the Cash Flow from Operations using the Indirect Method. You MUST show and label each item added or subtracted to transform Net Income into Cash Flow from Operations. HINT: Your first step should be showing Net Income and it should end with Cash Flow from Operations. Balance Sheet 12/31/2022 12/31/2021 Current Assets Cash $ 59,960 $ 53,650 Accounts Receivable $ 29,500 $ 28,200 Inventory $ 6,330 $ 4,950 PPE, gross $ 258,490 $ 245,322 Accumulated Depreciation $ (214,790) $ (203,222) PPE, net $ 43,700 $ 42,100 Total Assets S 139,490 $ 128,900 Liabilities Accounts Payable $ 32,610 $ 34,120 Short-term Notes Payable $ 5,985 $ 9,982 Wages Payable $ 8,061 $ 7,912 Stockholders' Equity Common Stock $ 73,820 $ 64,800 Retained Earnings $ 19,014 $ 12,086 Total Liabilities and Stockholders' Equity $ 139,490 $ 128,900 Income Statement 12/31/2022 Sales 283,290 $ 12/31/2021 294,330 Cost of goods sold (214,130) $ (223,550) Selling, general, and administrative expenses $ (23,930) $ (25,080) Depreciation expense $ (2,990) $ (2,625) Loss from sale of PPE $ (258) $ (430) Interest expense $ (450) $ (490) Income tax expense $ (10,360) $ (11,450) Net income 31,172 $ 30,705