This information is for Paulo Company for the year ended December 31, 2022.

Cash received from revenues from customers ........$600,000

Cash received for issuance of common stock ............280,000

Cash paid for new equipment ......................................115,000

Cash dividends paid ........................................................18,000

Cash paid for expenses ................................................430,000

Cash balance 1/1/22 .......................................................30,000

Instructions
Prepare the 2022 statement of cash flows for Paulo Company.