Condensed financial data of Cheng Inc. follow.

CHENG INC. Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$117,100			$47,400
Accounts receivable		93,000			32,700
Inventory		111,400			102,700
Prepaid expenses		30,000			25,300
Investments		141,000			113,100
Equipment		264,700			241,500
Accumulated depreciation-equipment		(46,100	)		(51,500	)
Total		$711,100			$511,200
Liabilities and Stockholders Equity
Accounts payable		$111,300			$67,100
Accrued expenses payable		16,100			17,400
Bonds payable		118,400			149,600
Common stock		220,900			174,000
Retained earnings		244,400			103,100
Total		$711,100			$511,200

CHENG INC. Income Statement For the Year Ended December 31, 2020
Sales revenue				$391,600
Less:
Cost of goods sold		$134,600
Operating expenses, excluding depreciation		12,200
Depreciation expense		30,600
Income tax expense		27,500
Interest expense		5,000
Loss on disposal of plant assets		7,500		217,400
Net income				$174,200

Additional information:

1.		New equipment costing $79,700 was purchased for cash during the year.
2.		Old equipment having an original cost of $56,500 was sold for $13,000 cash.
3.		Bonds matured and were paid off at face value for cash.
4.		A cash dividend of $32,900 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).)