Current Attempt in Progress

The comparative balance sheets for Sheridan Company as of December 31 are as follows.

SHERIDAN COMPANY Comparative Balance Sheets December 31
Assets		2022		2021
Cash		$57,500			$49,900
Accounts receivable		40,000			64,900
Inventory		150,800			146,300
Prepaid expenses		13,900			26,600
Land		144,200			132,800
Buildings		198,400			198,400
Accumulated depreciationbuildings		(59,400)			(31,400)
Equipment		228,400			155,800
Accumulated depreciationequipment		(42,300)			(37,500)
Total		$731,500			$705,800
Liabilities and Stockholders' Equity
Accounts payable		$46,200			$39,200
Bonds payable		260,000			260,000
Common stock, $1 par		189,700			158,300
Retained earnings		235,600			248,300
Total		$731,500			$705,800

Additional information:

1.		Operating expenses include depreciation expense of $42,000 ($28,000 of depreciation expense for buildings and $14,000 for equipment).
2.		Land was sold for cash at book value.
3.		Cash dividends of $58,500were declared and paid.
4.		Net income for 2022 was $45,800.
5.		Equipment was purchased for $94,100cash. In addition, equipment costing $21,500with a book value of $12,300was sold for $5,500cash.
6.		31,400 shares of $1 par value common stock were issued in exchange for land with a fair value of $31,400.

Prepare a statement of cash flows for the year ended December 31, 2022, 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).)