Net income for $2022$ was $$108,000.$

Cash dividends of $$35,640$ were declared and paid.

Bonds payable amounting to $$64,800$ were redeemed for cash $$64,800.$

Common stock was issued for $$45,360$ cash.

Equipment that cost $$54,000$ and had a book value of $$32,400$ was sold for $$38,880$ during $2022$ ; land was sold at cost$.$

$($a$)$

Prepare a statement of cash flows for $2022$ using the indirect method. $($Show amounts that decrease cash flow with either asign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

SWIFTY COMPANY

Statement of Cash Flows

For the Year Ended December $31,2022$