Question 5 The comparative statements of financial position of Glenn Inc. at the beginning and the end of the year 2022 appear as follows: Glenn Inc. Statements of Financial Position Assets Dec. 31, 2022 Jan. 1, 2022 Inc./Dec. Equipment $ 39,000 $ 22,000 $17,000 Inc. Less: Accumulated depreciation equipment (17,000) (11,000) 6,000 Inc. Accounts receivable 91,000 88,000 3,000 Inc. Cash 45,000 13,000 32,000 Inc. Total $ 158,000 $112,000 Equity and Liabilities Share capitalordinary $100,000 $ 80,000 20,000 Inc. Retained earnings 38,000 17,000 21,000 Inc. Accounts payable 20,000 15,000 5,000 Inc. Total $158,000 $112,000 Net income of $34,000 was reported, and dividends of $13,000 were paid in 2022. New equipment was purchased, and none was sold. Required: Prepare a statement of cash flows for the year 2022. End of the Question Paper