The following are comparative balance sheets for Novak Company.

Novak Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 72,500			$ 32,600
Accounts receivable		86,500			71,400
Inventory		169,600			187,300
Land		73,700			101,900
Equipment		259,200			200,200
Accumulated depreciationequipment		(66,000	)		(33,500	)
Total		$595,500			$559,900
Liabilities and Stockholders Equity
Accounts payable		$ 35,200			$ 46,700
Bonds payable		150,200			203,700
Common stock ($1 par)		214,100			176,000
Retained earnings		196,000			133,500
Total		$595,500			$559,900

Additional information:

1.		Net income for 2022 was $102,500.
2.		Depreciation expense was $32,500.
3.		Cash dividends of $40,000 were declared and paid.
4.		Bonds payable amounting to $53,500 were redeemed for cash $53,500.
5.		Common stock was issued for $38,100 cash.
6.		No equipment was sold during 2022.
7.		Land was sold for its book value.

Prepare a statement of cash flows for 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).)