ICE Drilling Inc.'s balance sheet information and income statement are as follows: Additional information regarding ICE Drilling's activities during 2023: 1. Loss on sale of equipment is $10,480. 2. Paid $69,280 to reduce a long-term note payable. 3. Equipment costing $100,000, with accumulated depreciation of $58,000, is sold for cash. 4. Equipment costing $214,880 is purchased by paying cash of $55,000 and signing a long-term note payable for the balance. 5. Borrowed $8,400 by signing a short-term note payable. 6. Issued 10,080 common shares for cash at $10 per share. 7. Declared and paid cash dividends of $138,160. Additional information regarding ICE Drilling's activities during 2023: 1. Loss on sale of equipment is $10,480. 2. Paid $69,280 to reduce a long-term note payable. 3. Equipment costing $100,000, with accumulated depreciation of $58,000, is sold for cash. 4. Equipment costing $214,880 is purchased by paying cash of $55,000 and signing a long-term note payable for the balance. 5. Borrowed $8,400 by signing a short-term note payable. 6. Issued 10,080 common shares for cash at $10 per share. 7. Declared and paid cash dividends of $138,160. Required: Prepare a statement of cash flows for 2023 that reports the cash inflows and outflows from operating activities according to the indirect method. (List any deduction in cash and cash outflows as negative amounts.)