The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.

GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net revenues:				$	170,600
Expenses:
Cost of goods sold	$	38,800
Operating expenses		55,060
Depreciation expense		17,700
Interest expense		7,533
Income tax expense		14,800
Total expenses					133,893
Net income				$	36,707

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
									Increase (I) or
	2022				2021				Decrease (D)
Assets
Current assets:
Cash	$	203,476			$	62,520			$	140,956		(I)
Accounts receivable		48,140				0				48,140		(I)
Inventory		7,600				0				7,600		(I)
Other current assets		960				4,740				3,780		(D)
Long-term assets:
Land		560,000				0				560,000		(I)
Buildings		818,000				0				818,000		(I)
Equipment		68,180				43,000				25,180		(I)
Accumulated depreciation		(25,850	)			(8,150	)			17,700		(I)
Total assets	$	1,680,506			$	104,150
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	23,440			$	2,920			$	20,520		(I)
Interest payable		780				780
Income tax payable		14,800				14,060				740		(I)
Other current liabilities		22,800				0				22,800		(I)
Notes payable (current and long-term)		583,749				30,600				553,149		(I)
Stockholders equity:
Common stock		126,000				20,000				106,000		(I)
Paid-in capital		958,600				0				958,600		(I)
Retained earnings		58,337				33,750				24,587		(I)
Treasury stock		(108,000	)			0				(108,000	)	(I)
Total liabilities and stockholders equity	$	1,680,506			$	104,150

Additional Information for 2022:

1. Land of $560,000 was obtained by issuing a note payable to the seller.
2. Buildings of $818,000 and equipment of $25,180 were purchased using cash.
3. Monthly payments during the year reduced notes payable by $6,851.
4. Issued common stock for $1,060,000.
5. Purchased 10,600 shares of treasury stock for $18 per share.
6. Sold 4,600 shares of treasury stock at $19 per share.
7. Declared and paid a cash dividend of $12,120.

Required:

Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

GREAT ADVENTURES, INC. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities Cash Flows from Investing Activities Net cash flow from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities $