Condensed financial data of Sunland Inc. follow.

$\backslash$table$[[\backslash$table$[[$SUNLAND INC.$],[$Comparative$],[$December $31]]],[$Assets$,2022,2021],[$Cash$,$$$81,300,$$$49,100$

SUNLAND INC. Income Statement

For the Year Ended December $31,2022$

Sales revenue

$$386,200$

Less:

Cost of goods sold

$$136,000$

perating expenses, excluding depreciation

$11,700$

Depreciation expense

$48,500$

Additional information:

New plant assets costing $$100,700$ were purchased for cash during the year.

Old plant assets having an original cost of $$58,000$ and accumulated depreciation of $$50,300$ were sold for $$1,300$ cash.

Additional information:

New plant assets costing $$100,700$ were purchased for cash during the year.

Old plant assets having an original cost of $$58,000$ and accumulated depreciation of $$50,300$ were sold for $$1,300$ cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of $$35,900$ was declared and paid during the year.

Common stock was issued at par for cash.

There were no significant noncash transactions.

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

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

SUNLAND INC.

Statement of Cash Flows

$

Adjustments to reconcile net income to

$