Additional information:

Net income for $2022$ was $$124,000.$

Cash dividends of $$40,920$ were declared and paid.

Bonds payable amounting to $$74,400$ were redeemed for cash $$74,400.$

Common stock was issued for $$52,080$ cash.

Equipment that cost $$62,000$ and had a book value of $$37,200$ was sold for $$44,640$ 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 eg $-15,000$ or in parenthesis eg $(15,000).).$

$=$