Sunland Company Comparative Balance Sheets December 31
Assets		2022			2021			Change Increase/Decrease
Cash		$94,400			$57,600			$36,800	Increase
Accounts receivable		99,200			35,200			64,000	Increase
Inventory		70,400			0			70,400	Increase
Prepaid expenses		9,600			6,400			3,200	Increase
Land		88,000			112,000			24,000	Decrease
Buildings		320,000			320,000			0
Accumulated depreciationbuildings		(33,600	)		(22,400	)		11,200	Increase
Equipment		292,800			108,800			184,000	Increase
Accumulated depreciationequipment		(44,800	)		(16,000	)		28,800	Increase
Totals		$896,000			$601,600
Liabilities and Stockholders Equity
Accounts payable		$68,800			$64,000			$4,800	Increase
Accrued expenses payable		0			16,000			16,000	Decrease
Bonds payable		160,000			240,000			80,000	Decrease
Common stock ($1 par)		368,000			96,000			272,000	Increase
Retained earnings		299,200			185,600			113,600	Increase
Totals		$896,000			$601,600

Sunland Company Income Statement For the Year Ended December 31, 2022

Sales revenue. $1,505,600

Cost of goods sold. $760,000

Operating expenses. 369,600

Interest expense. 19,200

Loss on disposal of equipment. 3,2001, 152,000

Income before income taxes. 353,600

Income tax expense 104,000

Net income. $249,600

Additional information:
1.		Operating expenses include depreciation expense of $64,000.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $136,000 were declared and paid in 2022.
4.		Equipment with a cost of $265,600 was purchased for cash. Equipment with a cost of $81,600 and a book value of $57,600 was sold for $54,400 cash.
5.		Bonds of $80,000 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $272,000 was issued for cash.

Use this information to prepare a statement of cash flows 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).)