The following information is available for Kingbird Corporation for the year ended December 31, 2022.

Beginning cash balance		$36,000
Accounts payable decrease		3,000
Depreciation expense		85,000
Accounts receivable increase		8,700
Inventory increase		14,100
Net income		298,500
Cash received for sale of land at book value		36,000
Sales revenue		740,500
Cash dividends paid		11,500
Income tax payable increase		4,200
Cash used to purchase building		147,500
Cash used to purchase treasury stock		38,800
Cash received from issuing bonds		203,000

Prepare a statement of cash flows 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).)