Statement of cash flows using the indirect method

The following are comparative balance sheets for Waterway Company.
WATERWAY Company
Comparative Balance Sheets
December 31

Assets 2022:
Cash $73,400
Accounts receivable 86,000
Inventory 170,300
Land 72,600
Equipment 260,500
Accumulated depreciation—equipment (65,700)
Total $597,100
Liabilities and Stockholders’ Equity
Accounts payable $35,300
Total
$597,100

Assets 2021:
Cash $33,100
Accounts receivable 71,500
Inventory 186,900
Land 100,000
Equipment 199,300
Accumulated depreciation—equipment (33,700)
Total $557,100
Liabilities and Stockholders’ Equity
Accounts payable $46,500
Total $557,100
Additional information:

1. Net income for 2022 was $101,200.
2. Depreciation expense was $32,000.
3. Cash dividends of $37,300 were declared and paid.
4. Bonds payable with a carrying value of $53,400 were redeemed for $53,400 cash.
5. Common stock was issued at par for $40,700 cash.
6. No equipment was sold during 2022.
7. Land was sold for its book value.
   Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash �ow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).)