The following is Saleen Corporation's comparative balance sheets for $2023$ and $2022$:

Additional information:

On December $31,2022,$ Saleen acquired $25$ percent of Jerkins Corporation's common

stock for $$137,500.$ On that date, the carrying value of Jerkins' net assets and liabilities

$($which approximated fair value$)$ was $$550,000.$ Jersins reported income of $$60,000$ for

the year ended December $31,2023.$ No dividend was paid on Jerkins' common stock

during the year.

During $2023,$ Saleen loaned $$150,000$ to Bravery Company, an unrelated entity. Bravery

made the first semi$-$annual principal payment of $$15,000,$ plus interest at $10$ percent, on

October $1,2023.$

On January $2,2023,$ Saleen sold equipment costing $$30,000,$ with a carrying value of

$$17,500,$ for $$20,000$ cash.

On January $2,2023,$ Saleen entered into a capital lease for an office building. The

present value of the annual rental payments is $$200,000,$ which equals the fair value of

the building. Saleen made the first lease payment of $$30,000$ when due on January $2,$

Saleen's net income for $2023$ was $$180,000.$

Saleen declared and paid cash dividends for $2013$ and $2022$ as follows:

Required:

Prepare a statement of cash flows for Saleen Company for $2023$ using the indirect method. Include relevant

supplemental schedules.