The comparative balance sheet of ABC Company shows the following balances as of December 31. Aadditional data for the year 2022 . 1. Land was sold at its original cost of $30,000 2. Dividends of $30,000 were declared and paid. 3. A new buiding was purchased for $90,000 cash. 4. Not income was $240,000. 5. Another building was purchased by signing a long-lerm note for $250,000. 6. Total operating expense was $100,000, which inctudes $28,000 Depreciation. 7. Paid $50,000 to redeem long-term labilitess. I Requied: Prepare Cash Flow Statements for ABC Compary for the year ended December 31, 2022. using the indifect method. The comparative balance sheet of AGC Compery ahow the foll wing balsnces as of Decenser 31 Aaddilisnal dats for the yoar 2tere. 1. Land was sold at its oilinisi cost of 390,000 2. Dividends of $30,000 were dechered and pald. 3. A new bulline was purchased for $90,000cash. 4. A Net income was $2,0000. 5. Another buiding was purchased by gloning a lorg-tern note for $7 po, ,000 6. Antal operatho experse was $100,000, which indudes $28,000 Deprecialion Requled: Prepare Cash Flow Statementa for ABC Company for the year ended Oecember 31, 2022. using the Indied method