Ben Tools, Inc.s comparative balance sheets for December 31, 2014 and 2013, follow.

Ben Tools, Inc. Comparative Balance Sheets December 31, 2014 and 2013
		2014		2013
Assets
Cash		$ 257,600		$ 305,600
Accounts receivable (net)		738,800		758,800
Inventory		960,000		800,000
Prepaid expenses		14,800		26,800
Long-term investments		440,000		440,000
Land		361,200		321,200
Building		1,200,000		920,000
Accumulated depreciationbuilding		(240,000)		(160,000)
Equipment		480,000		480,000
Accumulated depreciationequipment		(116,000)		(56,000)
Intangible assets		20,000		40,000
Total assets		$4,116,400		$3,876,400
Liabilities and Stockholders Equity
Accounts payable		$ 470,800		$ 660,800
Notes payable (current)		40,000		160,000
Accrued liabilities		10,800		20,800
Mortgage payable		1,080,000		800,000
Bonds payable		1,000,000		760,000
Common stock		1,300,000		1,300,000
Additional paid-in capital		80,000		80,000
Retained earnings		254,800		194,800
Treasury stock		(120,000)		(100,000)
Total liabilities and stockholders equity		$4,116,400		$3,876,400

During 2014, the company had net income of $96,000 and building and equipment depreciation expenses of $80,000 and $60,000, respectively. It amortized intangible assets in the amount of $20,000; purchased investments for $116,000; sold investments for $150,000, on which it recorded a gain of $34,000; issued $240,000 of long-term bonds at face value; purchased land and a warehouse through a $320,000 mortgage; paid $40,000 to reduce the mortgage; borrowed $60,000 by issuing notes payable; repaid notes payable in the amount of $180,000; declared and paid cash dividends in the amount of $36,000; and purchased treasury stock in the amount of $20,000.

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1. Using the indirect method, prepare a statement of cash flows for Ben Tools. Use the minus sign to indicate cash outflows or a decrease in cash.