Your answer is partially correct. The following information is available for Metlock, Inc. for the year ended December 31, 2022. Beginning cash balance $ 27,000 Accounts payable decrease 2,220 Depreciation expense 97,200 Accounts receivable increase 4.920 Inventory increase 6,600 Net income 170,460 Cash received for sale of land at book value 21,000 Cash dividends paid 7.200 Income taxes payable increase 2.820 Gash used to purchase building 173.400 Cash used to purchase treasury stock 15,600 Cash received from Issuing bonds 120,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a signg. -15,000 or In parentheses (15,0001) Metlock, Inc. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities 170460 Net Income Adjustments to reconcile net income to Net Increase in Cash 97200 Depreciation Expense Increase in Income Taxes Payable 2820 Increase in Accounts Receivable -4920 Increase in Inventory -6600 Decrease in Accounts Payable -2220 86280 Cash Flows from Operating Activities 256740 Sale of Land 21000 Purchase of Building 173400 Net Cash used by Investing Activities -152400 Net Cash used by Investine Activities Issuance of Bonds 120000 Purchase of Treasury Stock -15600 Payment of Dividend -7200 Net Cash used by Financing Activities 97200 Net Increase in Cash 201540 Cash at Beginning of Period 27000 Cash at End of Period 228540