The income statement, balance sheets, and additional information for Bigger, Inc., are provided below. $172, 710 Bigger, INC. Income Statement For the year ended December 31, 2022 Net revenues: Expenses: Cost of goods sold $38,900 Operating expenses 56,280 Depreciation expense 17,850 Interest expense 7,782 Income tax expense 14,900 Total expenses Net income 135,712 $ 36,998 Bigger, INC. Balance Sheets December 31, 2022 and 2021 Increase (I) or Decrease (D) 2022 2021 $ 61,860 $ 211,112 48,320 7,800 980 $ 149, 252 (I) 48,320 (I) 7,800 (I) 3,840 (D) 0 4,820 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets 0 580,000 824,000 70, 240 (26,050) $1,716,402 44,000 (8,200) $105,200 580,000 (1) 824,000 (1) 26,240 (I) 17,850 (1) $ $ $ 21,360 (1) Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current and long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 24,320 790 14,900 23,400 603, 704 2,960 790 14,080 0 30,800 820 (I) 23,400 (1) 572,904 (I) 20,000 128,000 976,800 58,488 (114,000) $1,716,402 108,000 (1) 976,800 (I) 24,638 (I) (114,000) (I) 33,850 $105, 200 Additional Information for 2022: 1. Land of $580,000 was obtained by issuing a note payable to the seller. 2. Buildings of $824,000 and equipment of $26,240 were purchased using cash. 3. Monthly payments during the year reduced notes payable by $7,096. 4. Issued common stock for $1,080,000. 5. Purchased 10,800 shares of treasury stock for $19 per share. 6. Sold 4,800 shares of treasury stock at $20 per share. 7. Declared and paid a cash dividend of $12,360. Required: Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Bigger, INC. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: $ 0 Net cash flow from operating activities Cash Flows from Investing Activities 0 Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 0 Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities $ 0