Shown below are comparative balance sheets for Pearl Industries. Pearl Industries Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 190,400 $ 61,600 Accounts receivable 246,400 212,800 Inventory 467,600 529,200 Land 224,000 280,000 Equipment 728,000 560,000 Accumulated depreciation-equipment (184,800 ) (89,600) Total $1,671,600 $1,554,000 Liabilities and Stockholders' Equity Accounts payable $ 109,200 $ 120,400 Bonds payable 420,000 560,000 Common stock ($1 par) 604,800 487,200 Retained earnings 537,600 386,400 Total $1,671,600 $1,554,000 Additional information: 1. Net income for 2022 was $260,400. 2. Depreciation expense was $95,200. 3. Cash dividends of $109,200 were declared and paid. 4. Bonds payable amounting to $140,000 were redeemed for cash $140,000. 5. Common stock was issued for $117.600 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000)). Pearl Industries Statement of Cash Flows Adjustments to reconcile net income to Statement of Cash Flows Adjustments to reconcile net income to O $