The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.

GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net revenues:				$	181,150
Expenses:
Cost of goods sold	$	39,300
Operating expenses		61,160
Depreciation expense		18,450
Interest expense		8,780
Income tax expense		15,300
Total expenses					142,990
Net income				$	38,160

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
									Increase (I) or
	2022				2021				Decrease (D)
Assets
Current assets:
Cash	$	241,656			$	59,220			$	182,436		(I)
Accounts receivable		49,040				0				49,040		(I)
Inventory		8,600				0				8,600		(I)
Other current assets		1,060				5,140				4,080		(D)
Long-term assets:
Land		660,000				0				660,000		(I)
Buildings		848,000				0				848,000		(I)
Equipment		78,480				48,000				30,480		(I)
Accumulated depreciation		(26,850	)			(8,400	)			18,450		(I)
Total assets	$	1,859,986			$	109,400
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	27,840			$	3,120			$	24,720		(I)
Interest payable		830				830
Income tax payable		15,300				14,160				1,140		(I)
Other current liabilities		25,800				0				25,800		(I)
Notes payable (current and long-term)		683,526				31,600				651,926		(I)
Stockholders equity:
Common stock		136,000				20,000				116,000		(I)
Paid-in capital		1,049,600				0				1,049,600		(I)
Retained earnings		59,090				34,250				24,840		(I)
Treasury stock		(138,000	)			0				(138,000	)	(I)
Total liabilities and stockholders equity	$	1,859,986			$	109,400

Additional Information for 2022:

1. Land of $660,000 was obtained by issuing a note payable to the seller.
2. Buildings of $848,000 and equipment of $30,480 were purchased using cash.
3. Monthly payments during the year reduced notes payable by $8,074.
4. Issued common stock for $1,160,000.
5. Purchased 11,600 shares of treasury stock for $23 per share.
6. Sold 5,600 shares of treasury stock at $24 per share.
7. Declared and paid a cash dividend of $13,320.

Required:

Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method.