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:				$	185,370
Expenses:
Cost of goods sold	$	39,500
Operating expenses		63,600
Depreciation expense		18,750
Interest expense		9,279
Income tax expense		15,500
Total expenses					146,629
Net income				$	38,741

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
									Increase (I) or
	2022				2021				Decrease (D)
Assets
Current assets:
Cash	$	256,928			$	57,900			$	199,028		(I)
Accounts receivable		49,400				0				49,400		(I)
Inventory		9,000				0				9,000		(I)
Other current assets		1,100				5,300				4,200		(D)
Long-term assets:
Land		700,000				0				700,000		(I)
Buildings		860,000				0				860,000		(I)
Equipment		82,600				50,000				32,600		(I)
Accumulated depreciation		(27,250	)			(8,500	)			18,750		(I)
Total assets	$	1,931,778			$	111,500
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	29,600			$	3,200			$	26,400		(I)
Interest payable		850				850
Income tax payable		15,500				14,200				1,300		(I)
Other current liabilities		27,000				0				27,000		(I)
Notes payable (current and long-term)		723,437				32,000				691,437		(I)
Stockholders equity:
Common stock		140,000				20,000				120,000		(I)
Paid-in capital		1,086,000				0				1,086,000		(I)
Retained earnings		59,391				34,450				24,941		(I)
Treasury stock		(150,000	)			0				(150,000	)	(I)
Total liabilities and stockholders equity	$	1,931,778			$	111,500

Additional Information for 2022:

1. Land of $700,000 was obtained by issuing a note payable to the seller.
2. Buildings of $860,000 and equipment of $32,600 were purchased using cash.
3. Monthly payments during the year reduced notes payable by $8,563.
4. Issued common stock for $1,200,000.
5. Purchased 12,000 shares of treasury stock for $25 per share.
6. Sold 6,000 shares of treasury stock at $26 per share.
7. Declared and paid a cash dividend of $13,800.

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.)