BG Wholesalers is developing its annual financial statements at December 31, 2016. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

	2016				2015
Balance sheet at December 31
Cash	$	39,600			$	31,700
Accounts receivable		36,500				31,700
Merchandise inventory		46,000				40,800
Property and equipment		125,900				102,800
Less: Accumulated depreciation		(34,400)				(27,200)
	$	213,600			$	179,800
Accounts payable	$	40,500			$	31,800
Accrued wage expense		3,600				4,400
Note payable, long-term		47,800				52,200
Contributed capital		94,700				74,800
Retained earnings		27,000				16,600
	$	213,600			$	179,800
Income statement for 2016
Sales	$	138,000
Cost of goods sold		88,000
Other expenses		39,600
Net income	$	10,400

Additional Data:
a.	Bought equipment for cash, $23,100.
b.	Paid $4,400 on the long-term note payable.
c.	Issued new shares of stock for $19,900 cash.
d.	No dividends were declared or paid.
e.	Other expenses included depreciation, $7,200; wages, $20,600; taxes, $6,700; other, $6,900.
f.	Accounts payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.

Required:
1.	Prepare the statement of cash flows for the year ended December 31, 2016, using the indirect method. (List cash outflows as negative amounts.)