Additional information:

Net income for $2022$ was $$116,000.$

Cash dividends of $$38,280$ were declared and paid.

Bonds payable amounting to $$69,600$ were redeemed for cash $$69,600.$

Common stock was issued for $$48,720$ cash.

Equipment that cost $$58,000$ and had a book value of $$34,800$ was sold for $$41,760$ during $2022$ ; land was sold at cost$.$

$($a$)$

Prepare a statement of cash flows for $2022$ using the indirect method. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.$

$-15,000$ or in parenthesis eg$.(15,000).)$

Adjustments to reconcile net income to