Additional Information for 2022:
Land of $620,000 was obtained by issuing a note payable to the seller.
Buildings of $836,000 and equipment of $28,360 were purchased using cash.
Monthly payments during the year reduced notes payable by $7,585.
Issued common stock for $1,120,000.
Purchased 11,200 shares of treasury stock for $21 per share.
Sold 5,200 shares of treasury stock at $22 per share.
Declared and paid a cash dividend of $12,840.
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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Additional Information for 2022:
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