Condensed financial data of Cheng Inc. follow. Additional information: New equipment costing $85,000 were purchased for cash during the year. Old equipment having an original cost of $57, 500 was sold for $1, 500 cash. Bonds matured and were paid off at face value for cash. A cash dividend of $40, 350 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).)