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The income statement, balance sheets, and additional informationfor Great Adventures, Inc., are provided below.

GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net revenues:				$	174,820
Expenses:
Cost of goods sold	$	39,000
Operating expenses		57,500
Depreciation expense		18,000
Interest expense		8,032
Income tax expense		15,000
Total expenses					137,532
Net income				$	37,288

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
									Increase (I) or
	2022				2021				Decrease (D)
Assets
Current assets:
Cash	$	218,748			$	61,200			$	157,548		(I)
Accounts receivable		48,500				0				48,500		(I)
Inventory		8,000				0				8,000		(I)
Other current assets		1,000				4,900				3,900		(D)
Long-term assets:
Land		600,000				0				600,000		(I)
Buildings		830,000				0				830,000		(I)
Equipment		72,300				45,000				27,300		(I)
Accumulated depreciation		(26,250	)			(8,250	)			18,000		(I)
Total assets	$	1,752,298			$	106,250
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	25,200			$	3,000			$	22,200		(I)
Interest payable		800				800
Income tax payable		15,000				14,100				900		(I)
Other current liabilities		24,000				0				24,000		(I)
Notes payable (current and long-term)		623,660				31,000				592,660		(I)
Stockholders’ equity:
Common stock		130,000				20,000				110,000		(I)
Paid-in capital		995,000				0				995,000		(I)
Retained earnings		58,638				33,950				24,688		(I)
Treasury stock		(120,000	)			0				(120,000	)	(I)
Total liabilities and stockholders’ equity	$	1,752,298			$	106,250

Additional Information for 2022:

1. Land of $600,000 was obtained by issuing a note payable to theseller.
2. Buildings of $830,000 and equipment of $27,300 were purchasedusing cash.
3. Monthly payments during the year reduced notes payable by$7,340.
4. Issued common stock for $1,100,000.
5. Purchased 11,000 shares of treasury stock for $20 pershare.
6. Sold 5,000 shares of treasury stock at $21 per share.
7. Declared and paid a cash dividend of $12,600.

Required:

Prepare the statement of cash flows for the year ended December31, 2022, using the indirect method. (List cashoutflows and any decrease in cash as negativeamounts.)