The comparative balance sheets for Novak Corp. as of December 31 are presented below.

Novak Corp. Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 88,400			$ 58,500
Accounts receivable		65,000			75,400
Inventory		196,885			184,600
Prepaid expenses		19,864			27,300
Land		188,500			169,000
Buildings		260,000			260,000
Accumulated depreciationbuildings		(78,000	)		(52,000	)
Equipment		292,500			201,500
Accumulated depreciationequipment		(58,500	)		(45,500	)
Total		$974,649			$878,800
Liabilities and Stockholders Equity
Accounts payable		$ 58,149			$ 46,800
Bonds payable		390,000			390,000
Common stock, $1 par		260,000			208,000
Retained earnings		266,500			234,000
Total		$974,649			$878,800

Additional information:

1.		Operating expenses include depreciation expense of $54,600 ($26,000 of depreciation expense for buildings and $28,600 for equipment).
2.		Land was sold for cash at book value.
3.		Cash dividends of $15,600 were paid.
4.		Net income for 2022 was $48,100.
5.		Equipment was purchased for $119,600 cash. In addition, equipment costing $28,600 with a book value of $13,000 was sold for $10,400 cash.
6.		52,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $52,000.

Prepare a statement of cash flows for the year ended December 31, 2022, 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).