The following are comparative balance sheets for Bonita Company. BONITA Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $72,600 $33,100 Accounts receivable 85,500 70,600 Inventory 169,500 187,200 Land 72,800 100,200 Equipment 260,700 200,900 Accumulated depreciation-equipment (65,800) (34,000) Total $595,300 $558,000 Liabilities and Stockholders' Equity Accounts payable $35,200 $47,400 Bonds payable 151,300 204,000 Common stock ($1 par) 216,900 175,600 Retained earnings 191,900 131,000 Total $595,300 $558,000 Additional information: 1. Net income for 2022 was $103,300. 2. Depreciation expense was $31,800. 3. Cash dividends of $42,400 were declared and paid. 4. Bonds payable with a carrying value of $52,700 were redeemed for $52,700 cash. 5. Common stock was issued at par for $41,300 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - signe.g. -15,000, or in parenthesis eg. (15,000).) BONITA Company Statement of Cash Flows December 31, 2022 Cash Flows from Operating Activities Net Income 103300 Adjustments to reconcile net income to Cash at Beginning of Period V Depreciation Expense 31800 Increase in Accounts Receivable V 14900 INCE Decrease in Inventory 17700 Decrease in Accounts Payable 12200 22400 Net Cash Provided by Operating Activities V 125700 Cash Flows from Investing Activities V Sale of Land 27400 Purchase of Equipment 59800 Net Cash Provided by Investine Activities 32400 Cash Flows from Financing Activities V Payment of Cash Dividends 42400 Redemption of Bonds JO! 52700 Issuance of Common Stock 41300 Net Cash Provided by Financing Activities 53800 Cash at End of Period 39500 OTON Net Decrease in Cash 33100 Net Decrease in Cash 72600