Condensed financial data of Cheng Inc. follow.

CHENG INC. Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$103,600			$48,100
Accounts receivable		91,000			32,900
Inventory		111,000			102,500
Prepaid expenses		29,100			25,500
Investments		139,700			113,100
Equipment		265,300			242,600
Accumulated depreciation-equipment		(47,800	)		(52,300	)
Total		$691,900			$512,400
Liabilities and Stockholders Equity
Accounts payable		$111,600			$67,900
Accrued expenses payable		16,000			17,100
Bonds payable		119,900			149,300
Common stock		219,000			175,100
Retained earnings		225,400			103,000
Total		$691,900			$512,400

CHENG INC. Income Statement For the Year Ended December 31, 2017
Sales revenue				$391,300
Less:
Cost of goods sold		$135,200
Operating expenses, excluding depreciation		11,900
Depreciation expense		32,200
Income tax expense		27,700
Interest expense		4,100
Loss on disposal of plant assets		7,500		218,600
Net income				$172,700

Additional information:

1.		New equipment costing $79,800 were purchased for cash during the year.
2.		Old equipment having an original cost of $57,100 was sold for $12,900 cash.
3.		Bonds matured and were paid off at face value for cash.
4.		A cash dividend of $50,300 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).)