1. Comparative balance sheets are presented below for Naomi Corporation for the last two years at December 31.

		2022		2021
Assets
Cash		$99,000		$35,000
Accounts receivable		90,000		83,000
Inventories		200,000		202,000
Land		93,000		125,000
Equipment		264,000		210,000
Less: Accumulated
Depreciation		(71,000)		(52,000)
Total		$675,000		$603,000
Liabilities and Stockholders' Equity
Accounts payable		$46,000		$64,000
Bonds payable		144,000		210,000
Common stock		246,000		180,000
Retained earnings		239,000		149,000
Total		$675,000		$603,000

Additional information:

Net income for 2022 was $125,000, cash dividends of $35,000 were declared and paid, no equipment was sold, equipment was purchased, no land was purchased, but land was sold at a gain of 5,000, bonds payable amounting to $66,000 were retired through the issuance of common stock. All long-term asset transactions were cash transactions.

Required:

Prepare the Statement of Cash Flows.