please be as detailed as possible

Problem III - Statement of Cash Flows A comparative balance sheet for Taffy Company appears below: Additional information: 1. Net income for the year ending December 31,2022 , was $70,000. 2. Cash dividends of $30,000 were declared and paid during the year. 3. Long-term investments that had a cost of $34,000 were sold for $28,000. Instructions Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method