The comparative balance sheets for Pharoah Company as of December 31 are as follows.

Pharoah Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$57,900			$49,200
Accounts receivable		42,100			63,700
Inventory		150,600			147,000
Prepaid expenses		13,500			23,800
Land		150,000			136,800
Buildings		200,000			200,000
Accumulated depreciationbuildings		(60,500	)		(33,200	)
Equipment		229,700			157,300
Accumulated depreciationequipment		(42,200	)		(36,700	)
Total		$741,100			$707,900
Liabilities and Stockholders Equity
Accounts payable		$46,500			$39,500
Bonds payable		260,000			260,000
Common stock, $1 par		191,100			157,900
Retained earnings		243,500			250,500
Total		$741,100			$707,900

Additional information:

1.		Operating expenses include depreciation expense of $42,000 ($27,300 of depreciation expense for buildings and $14,700 for equipment).
2.		Land was sold for cash at book value.
3.		Cash dividends of $52,500 were paid.
4.		Net income for 2022 was $45,500.
5.		Equipment was purchased for $94,200 cash. In addition, equipment costing $21,800 with a book value of $12,600 was sold for $5,800 cash.
6.		33,200 shares of $1 par value common stock were issued in exchange for land with a fair value of $33,200.

QUESTION: 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).)