"A company may be profitable, but if it does not have an adequate. Cash position it may not be able to survive". -Explain the statement.

The comparative Balance sheets of Rose Corporation as of December 31 are presented below :

Rose Corporation
Comparative Balance sheet
As on December, 31

Stockholders equity and liabilities

Additional Information :

(i) Operating expenses include depreciation expenses of Tk. 42,000 and charges from prepaid expenses of Tk. 5720.
(ii) Land was sold for cash at book value.
(iii) Cash dividends of Tk. 15,000 were paid.
(iv) Net Income for 2022 was Tk. 37,000.
(v) Equipment costing Tk. 22,000 with a book value of Tk. 10,000 was sold for Tk. 6,000 cash.
(vi) Bonds were converte at face value by issuing 40,000 shares of Tk. 1 par value of common stock.

Required : Prepare a statement of cash flows for the year Ended December 31, 2022; using indirect method.