The following information is available for Sheridan Company for the year ended December 31, 2022.

Beginning cash balance		$ 12,000
Accounts payable increase		2,850
Depreciation expense		20,500
Accounts receivable decrease		2,400
Inventory decrease		1,550
Net income		28,600
Cash received for sale of land at book value		52,000
Cash dividends paid		19,000
Income taxes payable decrease		1,950
Cash used to purchase land		40,500
Cash used to redeem bonds		33,000
Cash received from issuing stock		80,000

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).)