On my system - Windows 10 - Mathematica v12.2, when I select "Print Preview" under the File menu nothing happens.
Does Print Preview work on your system?
That solved my issue!
Thank you, Ian.
Once Hans confirmed that the functionality on his machine worked, I was "scratching my head" until your comment.
Thank you for checking Hans. I appreciate your time.
Without Ian's comment below, I would have had no way of trouble shooting.
The XPS viewer feature is probably not installed. Go to Settings app > Apps > Optional Features > Add a feature. Type in "XPS" into the search field and install the XPS Viewer.
Print Preview works OK for me. Same combination as yours: W10, M12.2.