VAUGHN CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $16,500 $17,400 Accounts receivable 25,300 22,100 Investments 20,150 15,850 Equipment 59,950 69,850 Accumulated depreciation-equipment (13,850) (10,300) Total $108,050 $114,900 Accounts payable $14,850 $11,150 Bonds payable 10,600 30,100 Common stock 49,500 45,500 Retained earnings 33,100 28,150 Total $108,050 $114,900 Additional information 1. 2 Net income was $18,550. Dividends declared and paid were $13,600. Equipment which cost $9.900 and had accumulated depreciation of $1,600 was sold for $3,300. No noncash investing and financing activities occurred during 2022. Bonds were retired at their carrying value. 3. 4. (a) a Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-signes. -15,000, or in parenthesis es. (15,000.) VAUGHN CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 18550 Adjustments to reconcile net income to Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense V $ V Decrease in Accounts Receivable