Prepare a statement of cash flows for the year ended December 31, 2022, using the indirect method.

KINGBIRD COMPANY Comparative Balance Sheet Assets Dec. 31, 2022 Dec. 31, 2021 Cash $30,700 $14,000 Accounts receivable 22,500 11,500 Inventory 31,900 19,300 Prepaid insurance 8,400 9,100 Stock investments -0- 15,400 Equipment 79,000 39.500 Accumulated depreciation equipment (18,300) (10,000) Total assets $154,200 $98,800 Liabilities and Stockholder's Equity Accounts payable $34,100 $8,900 Bonds payable 38,800 45,400 40,000 24.100 Common stock Retained earnings 41,300 20,400 Total liabilities and stockholder's equity $154,200 $98,800 Additional information: 1. . 2. Net income for the year ending December 31, 2022, was $32,000. Cash dividends of $12,000 were declared and paid during the year. Stock investments on balance sheet that had a book value of $16,300 were sold for $11,300. 3. 4. Sales for 2022 are $130,000