SAGE HILL CORPORATION Comparative Balance Sheet
		Assets		2022			2021
Cash				$52,500			$30,200
Accounts receivable (net)				83,000			64,500
Prepaid insurance				24,700			15,700
Land				15,500			49,500
Equipment				73,500			61,000
Accumulated depreciation				(17,800	)		(10,100	)
Total assets				$231,400			$210,800
Liabilities and Stockholder's Equity
Accounts payable				$12,500			$6,500
Bonds payable				29,500			15,400
Common stock				146,000			118,000
Retained earnings				43,400			70,900
Total liabilities and stockholder's equity				$231,400			$210,800

Additional information:
1.		Net loss for 2022 is $12,000. Net sales for 2022 are $330,000.
2.		Cash dividends of $15,800 were declared and paid in 2022.
3.		Land was sold for cash at a loss of $3,400. This was the only land transaction during the year.
4.		Equipment with a cost of $18,200 and accumulated depreciation of $10,400 was sold for $5,400 cash.
5.		$12,200 of bonds were retired during the year at carrying (book) value.
6.		Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $32,000.

Prepare a statement of cash flows for the year ended December 31, 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). Do not leave any answer field blank. Enter 0 for amounts.)

SAGE HILL CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022For the Month Ended December 31, 2022