The comparative balance sheets for Larkspur Company appear below: LARKSPUR COMPANY Comparative Balance Sheet Assets Dec 31, 2022 Dec. 31, 2021 Cash $34,000 $20,000 Accounts receivable 15,500 14.000 Inventory 38,000' 18,400 Prepaid insurance 8,700 9,300 Stock investments -0- 17.700 Equipment 64,000 32.000 Accumulated depreciation equipment (19,500) (13,000) Total assets $140,700 $98,400 Liabilities and Stockholder's Equity Accounts payable $29,200 $7.100 Bonds payable 39,800 48,700 Common stock 44,300 22.900 Retained earnings 27.400 19.700 ZU Retained earnings 27,400 19,700 Total liabilities and stockholder's cquity $140,700 $98,400 Additional information: 1 Net income for the year ending December 31, 2022, was $32,000. 2 Cash dividends of $25,200 were declared and paid during the year. 3. 4. Stock investments on balance sheet that had a book value of $18,600 were sold for $11.900. Sales for 2022 are $140,000 Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.8. (15,000).) LARKSPUR CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income /(Loss) $ Adjustments to reconcile net income to 10 11 Adjustments to reconcile net income to Loss on Sale of Stock Investments : $ $ Depreciation Expense Increase in Accounts Receivable Increase in Inventory Decrease in Prepaid Insurance Increase in Accounts Payable Net Cash Provided by Operating Activities : Cash Flows from Investing Activities Purchase of Equipment * Sale of Stock Investments + Cash Flows from Financing Activities