Bonita Industries reported the following information for 2017.

Bonita Industries Comparative Balance Sheets December 31
Assets		2017			2016			Change Increase/Decrease
Cash		$65,990			$36,180			$29,810	Increase
Accounts receivable		62,110			22,220			39,890	Increase
Inventory		43,610			0			43,610	Increase
Prepaid expenses		5,960			3,980			1,980	Increase
Land		54,550			70,570			16,020	Decrease
Buildings		198,140			198,140			0
Accumulated depreciationbuildings		(21,120	)		(14,080	)		7,040	Increase
Equipment		182,420			68,470			113,950	Increase
Accumulated depreciationequipment		(28,360	)		(9,970	)		18,390	Increase
Totals		$563,300			$375,510
Liabilities and Stockholders Equity
Accounts payable		$43,320			$40,140			$3,180	Increase
Accrued expenses payable		0			10,030			10,030	Decrease
Bonds payable		99,680			149,230			49,550	Decrease
Common stock ($1 par)		229,490			60,120			169,370	Increase
Retained earnings		190,810			115,990			74,820	Increase
Totals		$563,300			$375,510

Bonita Industries Income Statement For the Year Ended December 31, 2017
Sales revenue				$946,400
Cost of goods sold		$476,940
Operating expenses		230,920
Interest expense		12,090
Loss on disposal of equipment		2,010		721,960
Income before income taxes				224,440
Income tax expense				64,840
Net income				$159,600

Additional information:
1.		Operating expenses include depreciation expense of $39,740.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $84,780 were declared and paid in 2017.
4.		Equipment with a cost of $164,470 was purchased for cash. Equipment with a cost of $50,520 and a book value of $36,210 was sold for $34,200 cash.
5.		Bonds of $49,550 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $169,370 was issued for cash.

Use this information to prepare a statement of cash flows using the indirect method.