ABC Company's statement of financial position accounts as of December 31, 2017 and 2016 and information relating to 2017 activities are presented below. December 31, 2017 2016 Assets Cash 440,000 160,000 Short-term investments 800,000 Accounts receivable (net) 1,050,000 1,140,000 Inventory 1,130,000 1,000,000 Long-term investments 400,000 600,000 Plant assets $3,100,000 $2,000,000 Accumulated depreciation (700,000) (900,000) Patent 280,000 300,000 Total assets $6,500,000 $4,300,000 Equity and Liabilities Accounts payable 1,460,000 1,190,000 Other accrued liabilities 200,000 250,000 Notes payable (nontrade) 560,000 Common Stock-$10 par $1,600,000 $1,400,000 Additional paid-in capital 800,000 500,000 Retained earnings 1,880,000 960,000 Total equity and liabilities $6,500,000 $4,300,000 Information relating to 2017 activities: Net income for 2017 was $1,220,000. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2017 for $360,000. A long-term investment was sold in 2016 for $345,000. There were no other transactions affecting longterm investments in 2017. 20,000 ordinary shares were issued in 2017 for $25 a share. Short-term investments consist of treasury bills maturing on 9/30/18.

Required: Prepare the ties section of the statement of cash flows using the indirect.