Question: Build a statement of cash flow using the direct method from the following balance sheet and income statement

Charlotte's Luxury Bed Company
Balance Sheet
As of December 31, 2022 and 2021
	2022	2021
Assets
Cash	1,008,048	829,786
Accounts Receivable	869,892	851,496
Less: Allowance for Doubtful Accounts	(83,230)	(80,361)
Interest Receivable	206,564	204,564
Inventory	956,811	934,933
Deferred Tax Asset	65,000	65,000
Total Current Assets	3,023,085	2,805,418
Land	373,384	373,384
Building	587,110	649,510
Less: Accumulated Depreciation	(57,746)	(49,406)
Equipment	741,729	741,729
Less: Accumulated Depreciation	(741,729)	(741,729)
Patents	499,956	499,956
Less: Amortization	(203,031)	(198,247)
Total Fixed and Long-term Assets	1,199,673	1,275,197
Total Assets	4,222,758	4,080,615
Liabilities
Trade Accounts Payable	442,260	432,109
Accrued Expenses	208,503	205,714
Salaries Payable	185,893	186,671
Interest Payable	571,274	571,586
Income tax Payable	114,707	106,485
Total Current Liabilities	1,522,637	1,502,565
Notes Payable	740,955	840,955
Bonds Payable, net of discount	965,123	875,356
Total Long-term Liabilities	1,706,078	1,716,311
Stockholders Equity
Common Stock	49,271	49,271
Additional Paid in Capital	510,621	510,621
Retained Earnings	434,151	301,847
Total Stockholders Equity	994,043	861,739
Total Liabilities and Stockholders Equity	4,222,758	4,080,615
	-	-

Charlotte's Luxury Bed Company
Income Statement
Year Ended December 31, 2022
Sales		224,680
Less: Cost of Goods Sold		35,967
=Gross Profit		188,713
Selling, general and administrative expenses
Miscellaneous Expenses	2,789
Salaries	3,987
Depreciation and Amortization	50,564
Bad Debt Expense	6,745
Total Selling, general and administrative expenses		64,085
Operating Income		124,628
Interest Income		2,000
Interest expense		2,675
Gain on Sales of Long-lived Assets		53,040
Income Before Taxes		176,993
Tax Expense		36,789
Net Income		140,204
During 2022 Charlotte wrote off $3,876 in bad debts