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Rere are comparative balance sheets for tive Company Additional information: 1. Net income for 2022 was $84,000. 2. Cash dividends of $27,720 were declared and

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Rere are comparative balance sheets for tive Company Additional information: 1. Net income for 2022 was $84,000. 2. Cash dividends of $27,720 were declared and paid. 3. Bonds payable amounting to $50,400 were redeemed for cash $50,400. 4. Common stock was issued for $35,280 cash. 5. Equipment that cost $42,000 and had a book value of $25,200 was sold for $30,240 during 2022 ; land was sold at cost. Preparea statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a 3ign e.s. 15,000 or in porenthesis e.s. (15,000). Cash Flows from Operating Activities Net income s Adjustments to reconchlenet income to Net Cash Provided by Operating Activities : Net Cash Provided by Operating Acthities : Cash Flows from investing Activities i Purchase of Equlpment Sale of Land Net Cash used by investing Activities : Cash Flows from Financine Activelies : Redemption of Bonds Issuance of Common Stock Piyment of Cash Dividends Net Cash used by Financing Activities

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