Use the following information to prepare a statement of cash flows for the Thomas Company for the year ended December 31,2022. - Net income for the year was $10,000. Accounts receivable increased $5,000; while inventories decreased $4,000; and accounts payable decreased $6,000. Depreciation expense which was included in net income was $9,000. - During the year, a piece of land held for future expansion was sold for $10,000; it had a book value of $12,000 - New equipment was purchased for $28,000. - The company borrowed $20,000 on a two-year note from the bank. Dividends of $8,000 were paid in cash. - The beginning cash balance was $12,000 and the ending balance was $20,000