tmt of cash flows probllem

Balance Sheet for Strand Corp @ Dec $31$st:

$20222021$

Cash $$177,000$ $$78,000$

Accounts Receivable $$180,000$ $$185,000$

Inventory $$100,000$ $$100,000$

Total Current Assets $$457,000$ $$363,000$

Investments $$52,000$ $$74,000$

Equipment $$298,000$ $$240,000$

Accumulated Deprec $($$$106,000)($$$89,000)$

Total Non$-$Current Liabs $$244,000$ $$225,000$

Total Assets $$701,000$ $$588,000$

Current Liabilities $$134,000$ $$151,000$

Common Stock $$260,000$ $$260,000$

Retained Earnings $$307,000$ $$177,000$

Total Liabs & Equity $$701,000$ $$588,000$

OTHER INFORMATION:

$--$Investments were sold in $2022$ at a loss of $$10,000$

$--$No equipment was sold in $2022$

$--$Cash dividends were paid in $2022$

$--$Net Income for $2022$ was $$160,000$

REQUIRED:Prepare the Statement of Cash Flows:

$1.$ Prepare the Statement of Cash Flows

$2.$ Calculate Free Cash Flow