Shown below are comparative statements of financial position for ABC Corporation. ABC CORPORATION Statement of Financial Position December 31 2022 $ 2021 Assets Cash 81,600 26.400 Accounts Receivable 102,000 91,200 Inventory 204,000 226.800 Land 96,000 120.000 Equipment 312.000 240.000 Accumulated Depreciation- Equipment (79,200) (38,400) 716,400 666.000 Liabilities & Shareholders' Equity Accounts Payable 46,800 56.400 Bonds Payable 180.000 240,000 Common Shares 259.200 208.800 Retained Earnings 230,400 160,800 716,400 666,000 Additional information: 1. Net income for 2022 was $111,600. There were no gains or losses reported on the statement of income. 2. Bonds payable amounting to $60,000 were redeemed for cash $60,000. The bonds were originally issued at face value (no premium or discount). 3. Common shares were issued for $50,400 cash. 4. No land was purchased during 2022. No equipment was disposed of during 2022. 5. INSTRUCTIONS: Prepare a statement of cash flows for 2022 using the indirect method. (10 marks)