Required: Prepare a statement of cash flows, In proper format, for the year ended December 31, 2023. Use the termplate provided in your response area. A- BI Tesla Co. Statement of Cash Flows For the year ended December 31, 2023 CASH FROM OPERATING ACTIVITIES Net Income CASH FROM INVESTING ACTIVITIES tion 6 K ed out of Cash flow statement [16 marks] Tesla Co. shows the following statement of financial position at December 31, 2023: December 31 2023 2022 Cash Accounts receivable Land $ 80,000 $50,000 35,000 20,000 200,000 300,000 Equipment. Accumulated depreciation Total assets Accounts payable. Bonds payable 50,000 40,000 (25.000) (10,000). $340,000 $400,000 10,000 35,000 20,000 50,000 Common shares 110,000 90,000 Retained earnings 200,000 225.000 Total Liabilities & Shareholders' Equity $340,000 $400,000 Additional Information for 2023: 1. Net income was $60,000. This amount includes depreciation expense for $20,000. 2. Paid off a $50,000 bond which matured. 3. Land with a book value of $100,000 was sold for $130,000. 4. A $40,000 payment was made for new equipment. 5. Old machinery was sold for $5,000.