The comparative balance sheets for Lily Company as of December 31 are as follows. Question 3 of 3 1. Operating expenses include depreciation expense of $42,000($26,200 of depreciation expense for buildings and $15,600 for equipment. 2. Land was sold for cash at book value. 3. Cash dividents of $49,200 were declared and paid. 4. Net income for 2022 was $45.900. 5. Equipment was purchased for $9,,500 cash. In addition, equipment costing $21,600 with a book value of $12,400 was sold. for $5,600cash a. 32,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $2,000 Prepare a statement of cash flows for the year ended December 31, 2022. using the indirect method. Show omounts that decrease cash flow with eicher a-signes. - 15,000 ar in parenthesis eg, (15.000) uestion 3 of 3 estion 3 of 3 Increase in inventory Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Equipment Sale of Equipment Net Coshused by lnvestang Activites Cash Flows from Financing Activities