The comparative balance sheets for Teal Mountain Corporation appear below: TEAL MOUNTAIN CORPORATION Comparative Balance Sheet Assets 2022 2021 Cash $39,400 $31,200 Accounts receivable (net) 81,000 67,000 Prepaid insurance 27,000 16,500 Land 21,500 40,000 Equipment 74,500 66,000 Accumulated depreciation (18,400) (14,300) Total assets $225,000 $206,400 Liabilities and Stockholder's Equity Accounts payable $16,000 $7,500 Bonds payable 29,200 15,100 Common stock Type here to search 150,000 110,000 Retained earnings 29,800 73,800 Total liabilities and stockholder's equity $225,000 $206,400 Additional information: 1. Net loss for 2022 is $12,000. Net sales for 2022 are $290,000. 2 Cash dividends of $15,700 were declared and paid in 2022. 3. Land was sold for cash at a loss of $2,200. This was the only land transaction during the year. 4. Equipment with a cost of $16,800 and accumulated depreciation of $9,700 was sold for $5,500 cash. 5. $13.100 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $29,000. 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 eg.-15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter O for amounts.) Adjustments to reconcile net income to O Type here to search TEAL MOUNTAIN CORPORATION Statement of Cash Flows Type here to search Save for Later Type here to search C B Attempts: 0 of 1 used Submit Answe