Condensed financial data of Fulton Corp. for 2017 and 2016 are presented below.

FULTON CORP COMPARATIVE BALANCE SHEET As OF DECEMBER 31 2016 $ 600 2,100 2017 $ 800 Receivables 1,600 1,600 $5,650 750 (455) $4,845 $1,200 Accounts payable Accrued liabilities Capital stock 1,500 1,400 $4,845 FULTON CORP INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Cost of goods sold Gross margin Selling and administrative expense1205 Income from operations Other revenues and gains Loss on sale of investments Income before income tax x expense Cash dividends Income retained in business 1,545 Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2017. Prepare a statement of cash flows using the indirect method