Prepare a statement of cash flows for Johnson & Johnson for the fiscal year 2023 based on the following information:

• Net Income: $1,000,000
• Depreciation Expense: $200,000
• Increase in Accounts Receivable: $50,000
• Decrease in Inventory: $30,000
• Increase in Accounts Payable: $20,000
• Purchase of Property, Plant, and Equipment: $500,000

The statement of cash flows provides insights into a company's cash inflows and outflows from operating, investing, and financing activities. Prepare Johnson & Johnson's statement of cash flows for the fiscal year 2023 using the provided data and analyze the cash flow patterns to assess the company's liquidity and financial performance. This analysis aids stakeholders in understanding the company's cash management practices and future cash flow prospects.