Statement of Cash Flows

Additional information: 1. Net income for 2022 was $163,000. 2. Cash dividends of $16,000 were declared and paid. 3. Mortgage note payable principal of $39,500 was paid off with cash. 4. Common stock was issued for cash. 5. No equipment was sold during the year. 6. Depreciation expense was $21,000 for 2022