Condensed financial data of Cheng Inc. follow.

CHENG INC. Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$104,300			$48,600
Accounts receivable		92,100			33,700
Inventory		111,500			102,000
Prepaid expenses		29,500			25,200
Investments		139,500			113,100
Equipment		264,100			241,000
Accumulated depreciation-equipment		(46,800	)		(52,300	)
Total		$694,200			$511,300
Liabilities and Stockholders Equity
Accounts payable		$111,700			$67,800
Accrued expenses payable		16,100			17,000
Bonds payable		113,100			149,900
Common stock		219,500			174,200
Retained earnings		233,800			102,400
Total		$694,200			$511,300

CHENG INC. Income Statement For the Year Ended December 31, 2020
Sales revenue				$391,900
Less:
Cost of goods sold		$134,000
Operating expenses, excluding depreciation		12,700
Depreciation expense		30,300
Income tax expense		26,300
Interest expense		4,500
Loss on disposal of plant assets		7,500		215,300
Net income				$176,600

Additional information:

1.		New equipment costing $79,300 was purchased for cash during the year.
2.		Old equipment having an original cost of $56,200 was sold for $12,900 cash.
3.		Bonds matured and were paid off at face value for cash.
4.		A cash dividend of $45,200 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).)