Cullumber AG, a greeting card company, had the following statements prepared as of December 31, 2022. CULLUMBER AG COMPARATIVE STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2022 AND 2021 12/31/22 Equipment Accumulated depreciation-equipment Copyrights Inventory Prepaid rent Accounts receivable Short-term investments (trading) Cash Total assets €152,700 (35,400 ) 45,700 40,200 5,000 61,400 34,700 5,900 €310,200 12/31/21 €130,200 (25,000) 49,900 59,700 4,100 51,200 18,000 6,900 €295,000 Short-term investments (trading) Cash Total assets Share capital-ordinary, €10 par Share premium-ordinary Retained earnings Long-term loans payable Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Total equity and liabilities 34,700 5,900 €310,200 €100,000 30,000 53,600 60,200 46,300 3,900 8,100 8,100 €310,200 18,000 6,900 €295,000 €100,000 30,000 35,200 69,400 40,400 6,000 3,900 10.100 €295.000 CULLUMBER AG INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2022 Sales revenue €335,075 Cost of goods sold 175,200 Gross profit 159,875 Operating expenses 120,100 Operating income 39,775 Interest expense Gain on sale of equipment 9,400 Income before tax 30,375 Income tax expense 6,075 Net income €24,300 Additional information: €11,400 2,000 income tax expense 0,075 Net income €24,300 Additional information: 1. Dividends in the amount of €5,900 were declared and paid during 2022. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. Equipment that had a cost of €20,100 and was 70% depreciated was sold during 2022. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) CULLUMBER AG Statement of Cash Flows V Adjustments to reconcile net income to >