The comparative balance sheets for Spicer Company as of December 31 are presented below.

Spicer Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 68,000			$ 45,000
Accounts receivable		50,000			58,000
Inventory		151,450			142,000
Prepaid expenses		15,280			21,000
Land		145,000			130,000
Buildings		200,000			200,000
Accumulated depreciationbuildings		(60,000	)		(40,000	)
Equipment		225,000			155,000
Accumulated depreciationequipment		(45,000	)		(35,000	)
Total		$749,730			$676,000
Liabilities and Stockholders Equity
Accounts payable		$ 44,730			$ 36,000
Bonds payable		300,000			300,000
Common stock, $1 par		200,000			160,000
Retained earnings		205,000			180,000
Total		$749,730			$676,000

Additional information:

1.		Operating expenses include depreciation expense of $42,000 ($20,000 of depreciation expense for buildings and $22,000 for equipment).
2.		Land was sold for cash at book value.
3.		Cash dividends of $12,000 were paid.
4.		Net income for 2022 was $37,000.
5.		Equipment was purchased for $92,000 cash. In addition, equipment costing $22,000 with a book value of $10,000 was sold for $8,000 cash.
6.		40,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $40,000.

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).)