The following information is available for Sweet Acacia Industries for the year ended December 31, 2022.

Beginning cash balance		$ 72,000
Accounts payable decrease		5,920
Depreciation expense		259,200
Accounts receivable increase		13,120
Inventory increase		17,600
Net income		454,560
Cash received for sale of land at book value		56,000
Cash dividends paid		19,200
Income taxes payable increase		7,520
Cash used to purchase building		462,400
Cash used to purchase treasury stock		41,600
Cash received from issuing bonds		320,000

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).)

Sweet Acacia Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense MUUD Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Building Cash Flows from Financing Activities Payment of Dividend Net Increase in Cash Cash at Beginning of Period m Cash at End of Period