Sheridan Corporations comparative balance sheets are as follows.

SHERIDAN CORPORATION Comparative Balance Sheets December 31
		2022			2021
Cash		$16,700			$17,500
Accounts receivable		25,300			22,200
Investments		20,250			15,750
Equipment		59,850			69,850
Accumulated depreciationequipment		(13,750)			(10,500)
Total		$108,350			$114,800
Accounts payable		$14,350			$11,150
Bonds payable		10,300			30,100
Common stock		49,600			45,300
Retained earnings		34,100			28,250
Total		$108,350			$114,800

Additional information:

1.		Net income was $18,350. Dividends declared and paid were $12,500.
2.		Equipment which cost $10,000 and had accumulated depreciation of $1,900 was sold for $3,600.
3.		No noncash investing and financing activities occurred during 2022.
4.		Bonds were retired at their carrying value.

(a)

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