Statement of Cash Flows for the year ended December 31, 2022 Cash flows from operating activities Net Income Adjustments to reconcile net income to Depreciation Increase in Account receivables Increase in Inventory Increase Accounts Payable Decrease in income tax payable Net cash from operating activities (A) Amount Amount $89,600 $49,000 -$16,800 -$22,400 $11,200 -$2,800 $18,200 $107,800 Cash flows from investing activities Sale of Equipment $23,800 Net cash used in investing activities (B) $23,800 Cash flows from Financing activities Issue of Common Stock Retirement of Bonds Dividend Paid Net cash used in financing activities Net increase in cash and cash equivalents (a+b+c) Add :Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period $11,200 -$44,800 -$56,000 -$89,600 $42,000 $56,000 $98,000