Sunland Company has recently decided to go public and has hired you as an independent CPA. One statement that the enterp anxious to have prepared is a statement of cash flows. Financial statements of Sunland Company for 2022 and 2021 are provi below. Bonds payable Commonstock Retained earnings \begin{tabular}{rr} 358000 & 602000 \\ 216000 & 216000 \\ 343000 & 236000 \\ \hline$1445000 & $1545000 \\ \hline \end{tabular} INCOMESTATEMENT For the Year Ended December 31, 2022 Sales revenue Cost of sales Gross profit Selling expenses Administrative expenses Income from operations Interest expense $8420000 12670007153000 $599000 191000 477000790000 70000 The following additional data were provided: 1. Dividends for the year 2022 were $205000. 2. During the year, equipment was sold for $240000. This equipment cost $351000 originally and had a book value of $289000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. The net cash provided (used) by financing activities is $(449000). $205000. $49000 $(236000)