The Red Wrangler Hotel accountants assembled the following data for the year ended May 31, 20X2. Cash receipt from sale of land $ 23,000 Net Income $ 60.000 Depreciation Expense $ 3.000 Cash purchase of equipmen $ 36.000 Cash payment of dividends $ 5.500 Decrease in Accounts Payat $ 35,000 Cash receipt from selling commo $ 25,000 Increase in Prepaid Insurance $ 14.000 Increase in Accounts Receivable $ 18.000 Increase in Wages Payable $ 2,000 Decrease in Inventory $ 10.000 Increase in Taxes Payble $ 15.000 Prepare Red Wrangler Hotel's statement of cash flows using the indirect method for the year ended May 31, 20X2 Assume beginning and ending Cash are $23.000 and $52,500, respectively, Red Wrangler Hotel's Statement of Cash Flows For The Year Ending May 31. 20X2 Net Cash Flow From Operating Activities Net Income Try Again Adjustments to reconcile net income to net cash from operating activities: Try Again Net Cash flow provided[ used) from operating activ EXTRA CREDIT Investing Activities 1 2 Net Cash flow provided( used) by investing activiti Try Again Financing Activities 2 Net Cash flow providedd'Used by financing activitie Try Again Net change in cash for the period Try Again Cash at the beginning of 20X2 Try Again Cash at the end of 20X2 Try Again Matching Statement of Cash Flows +