Hill Company provided the following statement of financial

position.

Assets $20232022$

Cash and cash equivalents $750,000950,000$

Accounts receivable $1,750,0001,100,000$

Inventory $2,550,0001,800,000$

Prepaid expenses $100,000150,000$

Property, plant and equipment $5,300,0004,300,000$

Accumulated depreciation $(1,150,000)(800,000)$

$9,300,0007,500,000$

Liabilities and equity $1,250,0001,000,000$

Accounts payable $50,000200,000$

Accrued expenses $4,750,0004,250,000$

Share capital $3,250,0002,050,000$

Retained earnings $9,300,0007,500,000$

Additional information:

$1.$ The statement of retained earnings for $2023$ showed net income

of $1,500,000$ and cash divident paid of $300,000.$

$2.$ During the year, the entity purchased equipment for cash and

issued share capital for cash.

Required:

Prepare a statement of cash flows for $2023$ using the indirect

method.