The comparative balance sheets for Sunland Company as of December 31 are presented below. Sunland Company Comparative Balance Sheets December 31 Assets 2022 Cash $72,080 Accounts receivable 53,000 Inventory 160.537 Prepaid expenses 16,197 Land 153,700 Buildings 212,000 Accumulated depreciation-buildings (63,600) Equipment 238,500 Accumulated depreciation equipment (47.700) Total $794,714 2021 $ 47,700 61.480 150,520 22,260 137,800 212.000 (42,400) 164.300 (37.100) $716,560 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 47,414 318,000 212,000 217,300 $794.714 $ 38,160 318.000 169,600 190.800 $716.560 Additional information 1 2. 3 Operating expenses include depreciation expense of $44.520 ($21.200 of depreciation expense for buildings and $23,320 for equipment) Land was sold for cash at book value, Cash dividends of $12.720 were paid, Net income for 2022 was $39.220 Equipment was purchased for $97.520 cash In addition equipment costing $23.320 with a book value of $10.600 was sold for $8.480 cash 42,400 shares of S1 par value common stock were issued in exchange for land with a fair value of 42,400 4 5. 6. 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 - signes. 15,000 or in parenthesis es (15,0001) Prepare a statement of cash flows for the year ended December 31, 2022 using the indirect method. Show mounts that increase cash flow with other signes -15.000 or in parenthesis 215.000 Sunland Company Statement of Cash Hows Atments to reconincome to V $