Condensed financial data of Bridgeport Corp. follow.

Bridgeport Corp. Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 151,096			$ 90,508
Accounts receivable		164,186			71,060
Inventory		210,375			192,330
Prepaid expenses		53,108			48,620
Long-term investments		258,060			203,830
Plant assets		532,950			453,475
Accumulated depreciation		(93,500	)		(97,240	)
Total		$1,276,275			$962,583
Liabilities and Stockholders Equity
Accounts payable		$ 190,740			$ 125,851
Accrued expenses payable		30,855			39,270
Bonds payable		205,700			273,020
Common stock		411,400			327,250
Retained earnings		437,580			197,192
Total		$1,276,275			$962,583

Bridgeport Corp. Income Statement Data For the Year Ended December 31, 2017
Sales revenue				$726,420
Less:
Cost of goods sold		$253,310
Operating expenses, excluding depreciation		23,207
Depreciation expense		86,955
Income tax expense		51,014
Interest expense		8,845
Loss on disposal of plant assets		14,025		437,356
Net income				$ 289,064

Additional information:

1.		New plant assets costing $187,000 were purchased for cash during the year.
2.		Old plant assets having an original cost of $107,525 and accumulated depreciation of $90,695 were sold for $2,805 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $48,676 was declared and paid during the year.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)