The following information is available for Moab Corporation for the year ended December 31, 2022. 

Beginning cash balance..................$ 24,000 

Accounts payable increase..................5,700 

Depreciation expense..................41,000 

Accounts receivable decrease..................4,800 

Inventory decrease..................3,100 

Net income..................57,200 

Cash received for sale of land at book value ..................104,000 

Cash dividends paid..................38,000 

Income taxes payable decrease..................3,900 

Cash used to purchase land..................81,000 

Cash used to redeem bonds..................66,000 

Cash received from issuing stock..................160,000

Instructions 

Prepare a statement of cash flows using the indirect method