The following information is available for Coronado Industries for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 18,000 4,275 30.750 3,600 2,325 42,900 78,000 28,500 2,925 60,750 49,500 120,000 Corona muscus Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 42.900.00 Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense $ 30.750.00 Decrease in Accounts Payable 3.600.00 Decrease in Inventory 2.325.00 Decrease in Income Taxes Payable 2.925,00 Increase in Accounts Payable 4.275.00 38,275.00 Net Cash Provided by Operating Activities 80.295.00 Cash Flows from Investing Activities Sale of Land 78.000.00 Purchase of Land 60,750.00 Net Cash used by Financing Activities 17.250.00 Cash Flows from Financing Activities Issuance of Stock 120,000.00 Payment of Dividend 49,500.00 Redemption of Bonds 28,500.00 Cash Flows from Financing Activities 42,000.00 Depreciation Expense 30.750.00 Decrease in Accounts Payable 3,600.00 Decrease in Inventory 2,325.00 Decrease in Income Taxes Payable 2,925.00 Increase in Accounts Payable 4,275.00 38.275.00 Net Cash Provided by Operating Activities 80,295.00 Cash Flows from Investing Activities Sale of Land 78,000.00 Purchase of Land 60.750.00 Net Cash used by Financing Activities V 17,250.00 Cash Flows from Financing Activities Issuance of Stock 120,000.00 Payment of Dividend 49,500.00 Redemption of Bonds 28,500.00 Cash Flows from Financing Activities V 42.000.00 Net Increase in Cash 140,175.00 Cash at Beginning of Period 18,000.00 Cash at End of Period 158.175.00