Condensed financial data of Cullumber Company for 2017 and 2016 are presented below. CULLUMBER COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 2016 Cash $1,830 $1,160 Receivables 1,750 1,270 Inventory 1,580 1,860 Plant assets 1,900 1,690 Accumulated depreciation (1,190 ) (1,150 ) Long-term investments (held-to-maturity) 1,280 1,400 $7,150 $6,230 Accounts payable $1,220 $920 Accrued liabilities 210 250 Bonds payable 1,410 1,520 Common stock 1,910 1,730 Retained earnings 2,400 1,810 $7,150 $6,230 CULLUMBER COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $6,930 Cost of goods sold 4,670 Gross margin 2,260 Selling and administrative expenses 940 Income from operations 1,320 Other revenues and gains Gain on sale of investments 80 Income before tax 1,400 Income tax expense 550 Net income 850 Cash dividends 260 Income retained in business $590 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Prepare a statement of cash flows using the indirect method.