M 2021 K M 1 3.25 pts Rayon Company has the following balance sheets and income statements: 2 3 2022 4 Cash $15,000 $10,000 5 Receivables 6,000 10,000 6 Inventories 17,000 18,000 7 Equipment 33,000 40,000 8 Accumulated Depreciation 8,000 -10,000 9 $63,000 $68,000 10 11 Accounts Payable $10,000 $15,000 12 Capital Stock 20,000 16,000 13 Retained Earnings 33,000 37.000 14 $63,000 $68,000 15 16 17 Sales $110,000 18 Cost of Sales 72,000 19 Loss on sale of Assets -2,000 20 Expenses 16,000 90.000 21 Income $20,000 22 23 Depreciation expense for the year was $5,000. Equipment costing $15,000 and having a book value of $8,000 was sold 24 at a loss. Other equipment was purchased during the year, stock was issued for $1,000, and a dividend was paid. 25 26 In proper format, prepare using the indirect method a cash flow statement for 2022. 27 To accomplish this, copy the Taccount worksheet to the right of the financial statements and conduct the Taccount indirect method. 28 When completed, prepare in proper format, the cash flow statement. B 9 O Prove your cash from operations below using the Direct Method. 1 2 3