Vortex Heavy industries is a manufacturing company in London, Ontario. The income statement for the year ended

December $31,2022$ contains the following information:

Vortex Heavy Industries

Income Statement

For the year ended December $31,2022$

Sales

Cost of goods sold

Gross profit

Operating expenses

Gain on sale of equipment

Profit from operations

Other expenses

Interest expense

Profit before income tax

Income tax expense

Profit

$$2,2B9,000$

$(24,000)$

$2,285,000746,000$

$[85,000],[661,000],[298,000],[$$$363,000]$

Vortex's comparative balance sheet at December $31$ contained the following account balances:

Additional information:

Operating expenses included depreciation expense of $$880,000.$

Accounts payable relate to the purchase of inventory.

Equipment that cost $$984,000$ was sold at a gain of $$24,000.$

New equipment was purchased during the year for $$825,000.$

Dividends declared for $2022$ totalled $$50,000.$

Common shares were sold for $$75,000$ cash.

Instructions:

Prepare a cash flow statement for Vortex Heavy Industries.