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:				$	170,600
Expenses:
Cost of goods sold	$	38,800
Operating expenses		55,060
Depreciation expense		17,700
Interest expense		7,533
Income tax expense		14,800
Total expenses					133,893
Net income				$	36,707

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
									Increase (I) or
	2022				2021				Decrease (D)
Assets
Current assets:
Cash	$	203,476			$	62,520			$	140,956		(I)
Accounts receivable		48,140				0				48,140		(I)
Inventory		7,600				0				7,600		(I)
Other current assets		960				4,740				3,780		(D)
Long-term assets:
Land		560,000				0				560,000		(I)
Buildings		818,000				0				818,000		(I)
Equipment		68,180				43,000				25,180		(I)
Accumulated depreciation		(25,850	)			(8,150	)			17,700		(I)
Total assets	$	1,680,506			$	104,150
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	23,440			$	2,920			$	20,520		(I)
Interest payable		780				780
Income tax payable		14,800				14,060				740		(I)
Other current liabilities		22,800				0				22,800		(I)
Notes payable (current and long-term)		583,749				30,600				553,149		(I)
Stockholders equity:
Common stock		126,000				20,000				106,000		(I)
Paid-in capital		958,600				0				958,600		(I)
Retained earnings		58,337				33,750				24,587		(I)
Treasury stock		(108,000	)			0				(108,000	)	(I)
Total liabilities and stockholders equity	$	1,680,506			$	104,150

Additional Information for 2022:

1. Land of $560,000 was obtained by issuing a note payable to the seller.
2. Buildings of $818,000 and equipment of $25,180 were purchased using cash.
3. Monthly payments during the year reduced notes payable by $6,851.
4. Issued common stock for $1,060,000.
5. Purchased 10,600 shares of treasury stock for $18 per share.
6. Sold 4,600 shares of treasury stock at $19 per share.
7. Declared and paid a cash dividend of $12,120.

Required:

Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)