VAUGHN CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14,700 $11,000 Accounts receivable 21,100 23,800 Land 20,000 25,600 Buildings 70,000 70,000 Accumulated depreciation-buildings (15,400) (10,700) Total $110,400 $119,700 Accounts payable $12,300 $28,100 Common stock 74,600 69,200 Retained earnings 23,500 22,400 Total $110,400 $119,700 Additional information 1 2 Net Income was $23,000. Dividends declared and paid were $21.900. No noncash investing and financing activities occurred during 2022 The land was sold for cash of $4.700, 3. (a) Prepare a statement of cash flows for 2022 using the indirect method (Show amounts that decrease cash flow with either a - sign 2.8.-15,000, or in parenthesis es. (15,0001) VAUGHN CORPORATION Statement of Cash Flows - Indirect Method Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a skon e$, -15,000, or in parenthesis es (15,0001) VAUGHN CORPORATION Statement of Cash Flows - Indirect Method Adjustments to reconcile net income to s > >