The following information is taken from Smith Corporation's financial statements:

December $31$

$20232022$

Cash $$63,000$ $ $17,000$

Accounts receivable, net $97,50076,900$

Supplies $160,000185,000$

Prepaid expenses $8,5006,800$

Investments $50,000-$

Land $99,00060,000$

Buildings $264,000279,000$

Accumulated depreciation$-$building $(32,000)(13,000)$

$$710,000$ $$611,700$

Accounts payable $ $90,000$ $ $84,000$

Accrued liabilities $54,00063,000$

Bonds payable $130,00060,000$

Common stock $100,000100,000$

Retained earnings $351,000312,700$

Treasury stock, at cost $(15,000)(8,000)$

$$710,000$ $$611,700$

Net income for the year was $$75,000.$

A building with a cost of $$15,000$ and a book value of $$11,000$ was sold at a loss of $$2,000.$

Dividends were declared and paid.

Depreciation expense for the year was $$23,000.$

Instructions

Prepare a statement of cash flows for Smith Corporation for the year $2023.($Use the indirect method.$)$