Presented below is information for 2022 and 2021 related to the operations of Blossom Electronics.

		December 31
		2022			2021
Cash		$25,920			$21,200
Accounts receivable		21,440			18,560
Inventory		18,800			27,200
Prepaid expenses		1,680			2,320
Land		36,000			36,000
Equipment		99,200			78,480
Accumulated depreciation		12,640			15,920
Total		$190,400			$167,840
Accounts payable		$25,920			$37,200
Wages payable		8,800			7,760
Bonds payable		28,000			0
Common stock		87,200			84,000
Retained earnings		40,480			38,880
Total		$190,400			$167,840

		2022
Sales		$238,400
Cost of goods sold		116,000
Gross profit		122,400
Depreciation expense		6,880
Other operating expenses		91,200
Income from operations		24,320
Loss on equipment disposal		1,120
Income before income taxes		23,200
Income tax expense		7,840
Net income		$15,360

Additional information:

a.		In 2022, Blossom declared and paid a cash dividend of $13,760.
b.		The company issued $28,000 of bonds at a discount for cash.
c.		Equipment with a cost of $13,600 and a book value of $3,440 was sold for cash. New equipment was acquired for cash.
d.		The company issued stock for cash.
e.		Prepaid expenses pertain to operating expenses; accounts payable is only used for merchandise purchases.

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

Blossom Electronics Statement of Cash Flows