The Chicanery Company is preparing the statement of Cash flows using the indirect method.

Below are the comparative Balance Sheets and additional information.

Balance Sheet $20232022$

Cash $31,40062,800$

Account Receivable $60,60073,660$

Merchandise Inventory $56,88062,510$

Equipment $603,400565,700$

Land $53,15017,330$

Accumulated Depreciation $(339,000)(321,000)$

Total Assets $466,430461,000$

$--$

Accounts Payable $52,40056,320$

Salaries Payable $24,56026,970$

Unearned Income $24,80036,520$

Long$-$Term Notes Payable $186,220204,400$

Common Stock $74,35063,990$

Retained Earnings $104,10072,800$

Total Liabilities & Equity $466,430461,000$

Net Income is $$45,600$; calculate the cash dividends paid

Depreciation Expense is $$18,000$

The company purchased Land for $$20,000$ with a Long$-$term Note Payable

The company used a Long$-$Term Note Payable to purchase Land for $$20,000.$

The company repaid Long$-$Term Notes Payable in the amount of $$38,180.$

Prepare the Statement of Cash Flows for $2023$ using the Indirect Method