Prepare a statements of cash flows for 2022 using the indirect method.

Coronado Corporation's comparative balance sheets are as follows. Additional information: 1. Net income was $18,250. Dividends declared and paid were $14,400. 2. Equipment which cost $9,600 and had accumulated depreciation of $1,800 was sold for $3,800. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value