Shown below are comparative balance sheets for Pharoah Company.

Pharoah Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 129,200			$ 41,800
Accounts receivable		167,200			144,400
Inventory		317,300			359,100
Land		152,000			190,000
Equipment		494,000			380,000
Accumulated depreciationequipment		(125,400	)		(60,800	)
Total		$1,134,300			$1,054,500
Liabilities and Stockholders Equity
Accounts payable		$ 74,100			$ 81,700
Bonds payable		285,000			380,000
Common stock ($1 par)		410,400			330,600
Retained earnings		364,800			262,200
Total		$1,134,300			$1,054,500

Additional information:

1.		Net income for 2022 was $176,700.
2.		Depreciation expense was $64,600.
3.		Cash dividends of $74,100 were declared and paid.
4.		Bonds payable amounting to $95,000 were redeemed for cash $95,000.
5.		Common stock was issued for $79,800 cash.
6.		No equipment was sold during 2022.
7.		Land was sold for its book value.

Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis e.g. (45,000)).