A comparative balance sheet for Party Corporation is presented below.

	Party Corporation
	Comparative Balance Sheets
	31-Dec
	2019	2018
Cash	$18,700	$22,700
Accounts receivable	$24,700	$22,300
Investments	$25,000	$16,000
Equipment	$59,000	$70,000
Accumulated depreciation	($14,500)	($10,000)
Total	$112,900	$121,000
Accounts payable	$13,600	$11,100
Bonds payable	$6,000	$30,000
Common stock	$50,000	$45,000
Retained earnings	$43,300	$34,900
Total	$112,900	$121,000

Additional information:

1. Net income for 2019 was $17,700; Dividends declared and paid were $9,300.

2. Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $4,000.

Using an excel spreadsheet, prepare a statement of cash flows for 2019 using the indirect method. Show your work.