Students: The scratchpad area is for you to do any additional work you need to solve Nothing in this area will be graded, but it will be submitted with your assignment. Note: Additional information is included at the bottom of the stat Additional information for 2022 : 1. Asrume that all increases and decreases in lone-term assets, long-term liabilities, and common stock are a result of cash transactions. 2. Land costing $46,500 was sold, resulting in a gain of $6,500. No other long-term assets were sold. 3. Additional long-term investments were purchased. 4. An additional long-term note payable was signed. No repayments on notes were made. 5. Additional common stock was issued. Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this arna will be graded, but it will be subrnitted with your assignment. B13 A For the Year Ended December 31, 2022 11 Cash Flows from Operating Activities: 13 Net income 14 Adjustments to reconcile net income to net cash. 15 provided by operating activities: 16 Depreciation expense 17 Gain (on sale of land) 18 Changes in current assets and current liabilities: 19 Accounts receivable 20 Inventory 21 Prepaid insurance 22 Accounts payable 23 Interest payable 24 Income tax payable 25 Net cash provided by (used in) operating activities 26 Cash Flows from Investing Activities: 27 Purchase investments 28 Sale of land Net cash provided by (used in) investing activities Cash Flows from Financing Activities: Issue common stock Issue long-term note Net cash provided by (used in) financing activities Net increase (decrease) in cash Cash at beginning of the period Cash at end of the period