Condensed financial data of Cheng Inc. follow.

CHENG INC. Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$100,100			$47,600
Accounts receivable		92,800			33,700
Inventory		111,500			101,700
Prepaid expenses		29,400			25,700
Investments		140,200			114,100
Equipment		264,000			241,200
Accumulated depreciation-equipment		(47,500	)		(52,100	)
Total		$690,500			$511,900
Liabilities and Stockholders Equity
Accounts payable		$111,200			$67,000
Accrued expenses payable		16,500			17,000
Bonds payable		114,400			149,800
Common stock		219,100			174,000
Retained earnings		229,300			104,100
Total		$690,500			$511,900

CHENG INC. Income Statement For the Year Ended December 31, 2020
Sales revenue				$391,400
Less:
Cost of goods sold		$135,700
Operating expenses, excluding depreciation		11,100
Depreciation expense		32,300
Income tax expense		27,600
Interest expense		4,500
Loss on disposal of plant assets		7,500		218,700
Net income				$172,700

Additional information:

1.		New equipment costing $79,700 was purchased for cash during the year.
2.		Old equipment having an original cost of $56,900 was sold for $12,500 cash.
3.		Bonds matured and were paid off at face value for cash.
4.		A cash dividend of $47,500 was declared and paid during the year.

Prepare a statement of cash flows using the indirect method