This information is for Downing Company for the year ended December 31, 2022.

Cash received from revenues from customers $930,000 Cash received for issuance of common stock 420,000 Cash paid for new equipment 150,000 Cash dividends paid 30,000 Cash paid for expenses 640,000 Cash balance 1/1/22 50,000 Instructions Prepare the 2022 statement of cash flows for Downing Company.