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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:				$	195,920
Expenses:
Cost of goods sold	$	40,000
Operating expenses		69,700
Depreciation expense		19,500
Interest expense		10,526
Income tax expense		16,000
Total expenses					155,726
Net income				$	40,194

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
									Increase (I) or
	2022				2021				Decrease (D)
Assets
Current assets:
Cash	$	295,106			$	54,600			$	240,506		(I)
Accounts receivable		50,300				0				50,300		(I)
Inventory		10,000				0				10,000		(I)
Other current assets		1,200				5,700				4,500		(D)
Long-term assets:
Land		800,000				0				800,000		(I)
Buildings		890,000				0				890,000		(I)
Equipment		92,900				55,000				37,900		(I)
Accumulated depreciation		(28,250	)			(8,750	)			19,500		(I)
Total assets	$	2,111,256			$	116,750
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	34,000			$	3,400			$	30,600		(I)
Interest payable		900				900
Income tax payable		16,000				14,300				1,700		(I)
Other current liabilities		30,000				0				30,000		(I)
Notes payable (current and long-term)		823,212				33,000				790,212		(I)
Stockholders equity:
Common stock		150,000				20,000				130,000		(I)
Paid-in capital		1,177,000				0				1,177,000		(I)
Retained earnings		60,144				34,950				25,194		(I)
Treasury stock		(180,000	)			0				(180,000	)	(I)
Total liabilities and stockholders equity	$	2,111,256			$	116,750

Additional Information for 2022:

1. Land of $800,000 was obtained by issuing a note payable to the seller.
2. Buildings of $890,000 and equipment of $37,900 were purchased using cash.
3. Monthly payments during the year reduced notes payable by $9,788.
4. Issued common stock for $1,300,000.
5. Purchased 13,000 shares of treasury stock for $30 per share.
6. Sold 7,000 shares of treasury stock at $31 per share.
7. Declared and paid a cash dividend of $15,000.

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.)

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