Probelem: $545$ points

The comperative balance sheet of Jones Enterprises Inc. at December $31,2022$ and $2021,$ is as follows:

Additional data obtained from an examination of the accounts in the ledger for $2022$ are as follows:

A$.$ The investments were sold for $$175,000$ cash.

B$.$ Equipment and Land were acquired for cash.

C$.$ There were no disposal of equipment during the year.

D$.$ The Mortgage note payable was not due for six years but the terms permitted earlier pament without penalty.

E$.$ The common stock was issued for cash

$F.$ There was a $$500,000$ credit to retained earnings for net income.

$G.$ There was a $$90,000$ debit for Retained Earnings for cash dividend declared.

Instructions;

Prepare a statement of cash flows, using the indirect method of presenting cash flows.