Urgent!! really need help in this question

INCOMESTATEMENT For the Year Ended December 31, 2022 Sales revenue Cost of sales Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before taxes Income taxes Net income $8420000 12700007150000 $601000 477000192000 40700070000 $305250101750 The following additional data were provided: 1. Dividends for the year 2022 were $194000. 2. During the year, equipment was sold for $242000. This equipment cost $353000 originally and had a book value of $287000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. The following additional data were provided: 1. Dividends for the year 2022 were $194000. 2. During the year, equipment was sold for $242000. This equipment cost $353000 originally and had a book value of $287000 at the time of sale. The loss on sale was incorrectlycharged to cost of sales. 3. 'Alldepreciation expense is in the selling expense category. Under the direct method, the total taxes paid is $144750. $53000. $101750. $43000. Attempts: 0 of 1 used Sheffield Corp. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Sheffield Corp, for 2022 and 2021 are provided below. BALANCESHEETS Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 12/31/22 $410000 361000 386000 $606000 (319000) 12/31/21 $191000 218000 482000 $958000 $1444000287000$540001304000) $176000 $97000 350000 393000 359000 600000