Use the Comparative Balance Sheet you prepared in Required \#1, step \#3 and the following additional information to prepare the Statement of Cash Flows for the month of January 2023. Use the indirect method to prepare the operating activities section. - Issued 20,000 new shares of common stock in exchange for a Building. The stock was selling on the market at an average price of $10 per share on the date of sale and the par value of the stock was 50 cents. - Purchased land with a cost $300,000. A down payment was made in the amount of $100,000 cash and a 10%5 year note payable was signed for the difference. - Purchased additional store equipment for $30,000 paying cash. - The notes receivable were related to the sale of merchandise inventory to a credit customer this period. Hint: The increase in notes receivable should be reported as an item in the operating activities section of the statement of cash flows. - Issued bonds with a face amount of $375,000 at 97 . Hint: The amortization of the bond discount in the amount of $750 should be reported as an addition to the operating activities section. - Used the cash proceeds from the bond issue to pay off the mortgage payable of $210,000. - The company repurchased 20,000 shares of its common stock on the open market for $9 per share. - The company reissued 10,000 of the treasury shares at a price of $18 per share. - Issued 1,500 shares of preferred stock at $105 per share. - Paid cash dividends of $5,615 to preferred and common stockholders. Be Prepared Adjusted Trial Balance January 31, 2023 Be Prepared INC Income Statement For the Month Ending January 31, 2023 Sales Less: Sales Discounts Less: Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Supplies Expense - Selling 1,200.00 Depreciation Expense - Store Equipment 875.00 Sales Salaries Expense Utilities Expense - Store Repairs Expense - Stores Sales Payroll Tax Expense Bad Debts Expense - Selling Total Selling Expense 10,000.001,100.00800.00800.00460.0015,235.00 General \& Administrative Expenses Insurance Expense - General Repairs Expense - office Depreciation Expense - Building General Depreciation Expense - Office Equipment Utilities Expense - Office Office Salaries Expense Office Payroll Tax Expense Amortization Expense - Patent General Delivery Expense - General Total General \& Administrative Expenses 25,475.001,000.00 Total Operating Expenses Income From Operations 275,040.0040,710.00 Other Revenues and Gains (Expenses and losses) Interest Revenue Interest Expense Total Other Revenues and Gains (Expenses and losses) Net Income Be Prepared INC Comparative Balance Sheet For the Months Ended January 31, 2023 \& December 31, 2022