Question 8 of 8 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. The following information is available for Shamrock, Inc. for the year ended December 31, 2022 Beginning cash balance $51,300 Accounts payable decrease 4,200 Depreciation expense 184,700 Accounts receivable increase 9,300 Inventory increase 12,500 Net income 323,900 Cash received for sale of land at book value 39,900 Cash dividends paid 13,700 Income taxes payable increase 5,400 Cash used to purchase building 329,500 Cash used to purchase treasury stock 29,600 Cash received from issuing bonds 228,000 2.7/4 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis eg. (15,000)) For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Operatine Activities Depreciation Expense Decrease in Income Taxes Payable V Decrease in Accounts Payable Increase in Inventory Decrease crease in Accounts Receivable Net Cash Provided by Operating Activities V Cash Flows from Investing Activities Purchase of Building Sale of Land Net Cash Provided by Operating Activities Cash Flows from Financing Activities Issuance of Bloods Payment of Dividend Purchase of Treasury Stock Net Cash used by Financine Activities Net Increase in Cash Cash at Beginning of Period $ 184700 5400 4200 12500 9300 329500 39900 228000 13700 29600 323900 488000 488000 289600 184700 383100 51300