The following information is available for Sunland Company for the year ended on December 31, 2022. Beginning cash balance $ 20,400 Accounts payable increase 4,845 Depreciation expense 34,850 Accounts receivable decrease 4,080 Inventory decrease 2,635 Net income 48,620 Cash received for sale of land at book value 88,400 Cash dividends paid 32,300 Income taxes payable decrease 3,315 Cash used to purchase land 68,850 Cash used to redeem bonds 56,100 Cash received from issuing stock 136,000. Prepare a statement of cash flows using the indirect method
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