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 building was purchased for $90,000 cash. 4. Net income was $240,000. 5. Another building was purchased by signing a long-term note for $250,000. 6. Total operating expense was $100,000, which includes $28,000 Depreciation. 7. Paid $50,000 to redeem long-term liabilities. Required: Prepare Cash Flow Statements for ABC Company for the year ended December 31, 2022, using the indirect method. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ XYZ Company } & \\ Sor the Year Ended December 31, 2021 \\ \hline Cash flows from operating activities & & \\ \hline Net income & & \\ \hline Adjustments: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash provided by operating activities & & \\ \hline Cash flows from Investing Activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net increase in Cash & & \\ \hline Cash at the beginning of the period & & \\ \hline Cash at the end of the period & & \\ \hline Non-cash investing and financing activities & & \\ \hline & & \\ \hline \end{tabular}