BGP Electrical Supply is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

	Current Year				Prior Year
Balance sheet at December 31
Cash	$	38,200			$	30,800
Accounts receivable		34,400				30,000
Merchandise inventory		43,000				39,000
Property and equipment		123,500				101,400
Less: Accumulated depreciation		(32,100	)			(26,100	)
	$	207,000			$	175,100
Accounts payable	$	38,200			$	29,600
Accrued wages expense		2,300				2,800
Note payable, long-term		45,900				51,000
Common stock and additional paid-in capital		91,400				73,800
Retained earnings		29,200				17,900
	$	207,000			$	175,100
Income statement for current year
Sales	$	129,000
Cost of goods sold		79,000
Other expenses		38,700
Net income	$	11,300

Additional Data:

1. Bought equipment for cash, $22,100.
2. Paid $5,100 on the long-term note payable.
3. Issued new shares of stock for $17,600 cash.
4. No dividends were declared or paid.
5. Other expenses included depreciation, $6,000; wages, $20,300; taxes, $6,400; other, $6,000.
6. 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, current year, using the indirect method. (List cash outflows as negative amounts.)