The income statement and comparative balance sheet of Osbome Company is given below:

Osbome Company
Income Statement
For the Year Ended December 31, 2022
Sales		$3,530
Cost of goods sold		2,360
Gross profit		1,170
Selling and administrative expenses		460
Other revenues and gains
Gain on sale of investments		45
Income before tax		$755
Income tax expense		275
Net income		480

During the year 2022, a dividend of $135 was declared and paid by management of Osbome Company. Some plant assets were purchased during 2022 and the payment was settled by issuing common stock amounting to $40.

Osbome Company

Comparative Balance Sheet

As on December 31, 2022 and 2021

		2022		2021
Assets:
Cash and cash equivalents		$957		$557
Accounts receivable		857		650
Inventory		830		950
Plant assets		950		850
Accumulated depreciation		(600)		(585)
Long-term investments		650		701
Total		$3,644		$3,123
Liabilities and equity:
Accounts payable		590		405
Accrued liabilities		100		152
Debentures payable		700		757
Share Capital		950		850
Retained earnings		1,304		959
Total		$3,644		$3,123

Required:

Based on the financial statements given above, prepare a statement of cash flows of Osbome Company for the year ended December 31, 2022, using an indirect method