Boca Inc.
Balance Sheets
December 31
Assets	2018	2017
Cash	40,800	48,400
Accounts Receivable	87,800	38,000
Inventory	112,500	102,850
Prepaid Expenses	28,400	26,000
Long-term Investments	138,000	109,000
Plant Assets	367,000	242,500
Accumulated depreciation	(50,000)	(52,000)
Total	724,500	514,750
Liabilities and Stockholders' Equity
Accounts Payable	72,000	67,300
Accrued Expenses Payable	13,500	21,000
Dividends Payable	3,000	-
Bonds Payable	170,000	146,000
Common Stock	262,000	175,000
Retained Earnings	204,000	105,450
Total	724,500	514,750
Additional Information:
1. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash.
2. A new plant asset was purchased directly in exchange for common stock valued at $42,000.
3. New bonds were issued at par for $60,000.
4. Net income was $154,480.
5. A $1,000 prior period adjustment was recorded in 2017 correcting an understatement of depreciation in 2015. The 2017 balance sheet is appropriately restated.
Required
1. Prepare a 2018 statement of cash flows using the indirect method.