The comparative balance sheets for Metlock, Inc. as of December 31 are as follows. Additional information: 1. Operating expenses include depreciation expense of $42,000($24,400 of depreciation expense for buildings and $17,600 for equipment). 2. Land was sold for cash at book value. 3. Cash dividends of $44,200 were paid. 4. Net income for 2022 was $44,600. 5. Equipment was purchased for $94,800 cash. In addition, equipment costing $21,000 with a book value of $12,500 was sold for $5,200 cash. 6. 34,700 shares of $1 par value common stock were issued in exchange for land with a fair value of $34,700. 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 eg. 15,000 or in parenthesis eg. (15,000).) eTextbook and Media Save for Later Last saved 3 days ago. Attempts:unlimited Submit