Condensed financial data of Indigo Corporation follow.

Indigo Corporation Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 210,080			$ 125,840
Accounts receivable		228,280			98,800
Inventory		292,500			267,410
Prepaid expenses		73,840			67,600
Long-term investments		358,800			283,400
Plant assets		741,000			630,500
Accumulated depreciation		(130,000	)		(135,200	)
Total		$1,774,500			$1,338,350
Liabilities and Stockholders Equity
Accounts payable		$ 265,200			$ 174,980
Accrued expenses payable		42,900			54,600
Bonds payable		286,000			379,600
Common stock		572,000			455,000
Retained earnings		608,400			274,170
Total		$1,774,500			$1,338,350

Indigo Corporation Income Statement Data For the Year Ended December 31, 2022
Sales revenue				$1,009,996
Less:
Cost of goods sold		$352,196
Operating expenses, excluding depreciation		32,266
Depreciation expense		120,900
Income tax expense		70,928
Interest expense		12,298
Loss on disposal of plant assets		19,500		608,088
Net income				$ 401,908

Additional information:

1.		New plant assets costing $260,000 were purchased for cash during the year.
2.		Old plant assets having an original cost of $149,500 and accumulated depreciation of $126,100 were sold for $3,900 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $67,678 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).)