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Required: Based on the information below, prepare a Statement of Cash in good form. Prepare the Statement of Cash for December 31, 2022. Identify if

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Required: Based on the information below, prepare a Statement of Cash in good form. Prepare the Statement of Cash for December 31, 2022. Identify if you are preparing the Operating Section in Direct or Indirect method. Wallace Manufacturing, Inc. Income Statement For Year Ended December 31, 2022 Wallace Manufacturing, Inc. Income Statement Enr Voor Endad Moramhar 21 n>? Additional Information and Notes: * During 2022, Smith Manufacturing sold equipment with an original cost of $50,000 and a gain of $5,000. * Bonds were sold late! in late December 2022. The Bonds had a face value of $30,000 and were sold at a $4,000 discount. No interest was praid or accrued on these bonds in 2022. * 5,000 shares of common stock were sold in 2022

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