hown below are comparative balance sheets for Blue Spruce Company.

Blue Spruce Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 88,400			$ 28,600
Accounts receivable		114,400			98,800
Inventory		217,100			245,700
Land		104,000			130,000
Equipment		338,000			260,000
Accumulated depreciationequipment		(85,800	)		(41,600	)
Total		$776,100			$721,500
Liabilities and Stockholders Equity
Accounts payable		$ 50,700			$ 55,900
Bonds payable		195,000			260,000
Common stock ($1 par)		280,800			226,200
Retained earnings		249,600			179,400
Total		$776,100			$721,500

Additional information:

1.		Net income for 2022 was $120,900.
2.		Depreciation expense was $44,200.
3.		Cash dividends of $50,700 were declared and paid.
4.		Bonds payable amounting to $65,000 were redeemed for cash $65,000.
5.		Common stock was issued for $54,600 cash.
6.		No equipment was sold during 2022.
7.		Land was sold for its book value.

Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000)).