Prepare statement of cash flow for 2022 using indirect method.

The following are comparative balance sheets for Swifty Company. Assets Cash Accounts receivable Inventory Land Equipment. Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 1. SWIFTY Company Comparative Balance Sheets December 31 2 3. 4. 5. 6. 7. 2022 $73,500 85,600 169,500 73,300 260,200 (66,200) $595,900 $35,200 151,600 216,600 192,500 $595.900 2021 $32,700 71,100 187,200 100,800 200,600 (33,500) $558,900 $47,300 203,100 175,500 133,000 $558,900 Net income for 2022 was $104,800. Depreciation expense was $32,700. Cash dividends of $45,300 were declared and paid. Bonds payable with a carrying value of $51.500 were redeemed for $51,500 cash. Common stock was issued at par for $41,100 cash No equipment was sold during 2022. Land was sold for its book value.