Whispering Winds Corp.reported the following information for 2022. Whispering Winds Corp. Comparative Balance Sheets December 31 Change Increase/Decrease Assets 2022 2021 Cash $70,800 $43,200 $27,600 Increase Accounts receivable 74,400 26,400 48,000 Increase Inventory 52,800 -0- 52,800 Increase Prepaid expenses 7,200 4.800 2,400 Increase Land 66,000 84,000 18,000 Decrease Buildings 240,000 240,000 -0- (25,200) (16,800) 8,400 Increase Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 219,600 81,600 138,000 Increase (33,600) (12,000) 21,600 Increase Totals $672,000 $451,200 Liabilities and Stockholders' Equity Accounts payable $51.600 $48,000 $3,600 Increase Accrued expenses payable 0 12,000 12,000 Decrease Bonds payable 120,000 180,000 60,000 Decrease Common stock ($1 par) 276,000 72,000 204,000 Increase Retained earnings 224,400 139,200 85,200 Increase Totals $672,000 $451,200 Whispering Winds Corp. Income Statement For the Year Ended December 31, 2022 Sales revenue $1,129,200 Cost of goods sold $570,000 Operating expenses 277,200 Interest expense 14,400 Loss on disposal of equipment 2,400 864,000 Income before income taxes 265,200 Income tax expense 78,000 Net income $187.200 Additional information: 1. Operating expenses include depreciation expense of $48,000. 2. 3. Land was sold at its book value for cash. Cash dividends of $102,000 were declared and paid in 2022. Equipment with a cost of $199,200 was purchased for cash. Equipment with a cost of $61,200 and a book value of $43,200 was sold for $40,800 cash. 4. 5. Bonds of $60,000 were redeemed at their face value for cash. 6. 6. Common stock ($1 par) of $204,000 was issued for cash. Use this information to prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.g. (15,000).) Whispering Winds Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 187200 Adjustments to reconcile net income to Cash Flows from Operating Activities 0 > >