Shown below are comparative balance sheets for Sheffield Company. Sheffield Company Comparative Balance Sheets December 31 2022 Assets 2021 $13,200 $40,800 Cash Accounts receivable 52,800 45,600 113,400 Inventory 100,200 Land 48,000 60,000 Equipment 156,000 120,000 Accumulated depreciation-equipment (19,200) (39,600) $333,000 Total $358,200 Liabilities and Stockholders' Equity $23,400 $25,800 Accounts payable Bonds payable 90,000 120,000 Common stock ($1 par) 129,600 104,400 Retained earnings 115,200 82,800 $358,200 $333,000 Total Additional information: Net income for 2022 was $55,800. 1. Depreciation expense was $20,400. 2. Cash dividends of $23,400 were declared and paid. 3. Bonds payable amounting to $30,000 were redeemed for cash $30,000. Common stock was issued for $25,200 cash No equipment was sold during 2022 4. 5. 6. Land was sold for its book value. 7. 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)). Sheffield Company Statement of Cash Flows Adjustments to reconcile net income to $