2022. NOTE: Ahe format for the statement of cost flows is ghet beiond REE Eomp. End-of-Yeur Balance Shects P.E.C Corp. Inceme Statements REC Corp. Income Statements Statement of Cash Flows for 2022 Operating Activities Net lncone Adlustmentis Non-cash adjustaneos Accurrulated depreclation Changes in wothing capial Change in accounts receivable Change in inventorics Cbange in accounts payable Change in accruals Nes conh provided by Operating Activities Operaking Activities Net income Adjustments: Non-cash adjustments Accumulated depreciation Changes in working capital Change in acrounts receivable Change in inventorles Change in accounts payable Change in accruals Net cach provided by Operating Activities Long-Ferm lnvestment Actrvities Cash ased to acquire fixed assets Financing Activibes Change in notes payable Change in loongtem debt Change in peeferted saock Change in common stock. Change in poid-in capatal Payment of cash dividends Net cash provided by Financing Activities Sumpary Net change in cish Canh at beginning of year Cash at end of year .