Condensed financial data of Novak Corp. follow.

Novak Corp. Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 110,696			$ 66,308
Accounts receivable		120,286			52,060
Inventory		154,125			140,905
Prepaid expenses		38,908			35,620
Long-term investments		189,060			149,330
Plant assets		390,450			332,225
Accumulated depreciation		(68,500	)		(71,240	)
Total		$935,025			$705,208
Liabilities and Stockholders Equity
Accounts payable		$ 139,740			$ 92,201
Accrued expenses payable		22,605			28,770
Bonds payable		150,700			200,020
Common stock		301,400			239,750
Retained earnings		320,580			144,467
Total		$935,025			$705,208

Novak Corp. Income Statement Data For the Year Ended December 31, 2017
Sales revenue				$532,190
Less:
Cost of goods sold		$185,580
Operating expenses, excluding depreciation		17,002
Depreciation expense		63,705
Income tax expense		37,374
Interest expense		6,480
Loss on disposal of plant assets		10,275		320,416
Net income				$ 211,774

Additional information:

1.		New plant assets costing $137,000 were purchased for cash during the year.
2.		Old plant assets having an original cost of $78,775 and accumulated depreciation of $66,445 were sold for $2,055 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $35,661 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).)