Condensed financial data of Buffalo Company for 2017 and 2016 are presented below. BUFFALO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 2016 Cash $1,820 $1,140 Receivables 1,780 1,290 Inventory 1,590 1,860 Plant assets 1,870 1,710 Accumulated depreciation (1,220 ) (1,150 ) Long-term investments (held-to-maturity) 1,270 1,420 $7,110 $6,270 Accounts payable $1,170 $880 Accrued liabilities 210 240 Bonds payable 1,390 1,580 Common stock 1,930 1,680 Retained earnings 2,410 1,890 $7,110 $6,270 BUFFALO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $6,930 Cost of goods sold 4,750 Gross margin 2,180 Selling and administrative expenses 940 Income from operations 1,240 Other revenues and gains Gain on sale of investments 80 Income before tax 1,320 Income tax expense 540 Net income 780 Cash dividends 260 Income retained in business $520 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Prepare a statement of cash flows using the indirect method.