The comparative balance sheets for Vaughn Company as of December 31 are as follows. VAUGHN COMPANY Comparative Balance Sheets December 31 Assets 2022 2021 Cash $57.000 $49.000 Accounts receivable 41.700 65,000 Inventory 150,400 146,100 Prepaid expenses 14,000 21,100 Land 146.900 135,800 Buildings 200,900 200.900 Accumulated depreciation-buildings (57.700) (31.100) Equipment 230.700 1571200 Accumulated depreciation-equipment (42,200) (35.400) Total $741,700 $708,600 Liabilities and Stockholders' Equity $46,000 $39,300 Accounts payable Bonds payable 260.000 260,000 Common stock. $1 par 190,800 159.700 Retained earnings 244.900 249.600 Total $741.700 $708.600 Additional information: 1. Operating expenses include depreciation expense of $42.000 ($26,600 of deprec Additional information: 1 2. 3 4 Operating expenses include depreciation expense of $42,000 ($26,600 of depreciation expense for buildings and $15,400 for equipment) Land was sold for cash at book value. Cash dividends of $50,400 were declared and paid. Net income for 2022 was $45,700. Equipment was purchased for $95,000 cash. In addition, equipment costing $21.500 with a book value of $12.900 was sold for $6,700 cash 31,100 shares of $1 par value common stock were issued in exchange for land with a fair value of $31.100 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) VAUGHN COMPANY Statement of Cash Flows For the Year Ended December 3, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expert To Sucoliers