Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below.

PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013

2014 2013

Cash $1,793 $1,091

Receivables 1,754 1,293

Inventory 1,598 1,906

Plant assets 1,907 1,691

Accumulated depreciation (1,197 ) (1,169 )

Long-term investments (held-to-maturity) 1,306 1,467

Total: $7,161 $6,279

Accounts payable $1,207 $794

Accrued liabilities 218 244

Bonds payable 1,407 1,635

Capital stock 1,902 1,704

Retained earnings 2,427 1,902

Totals: $7,161 $6,279

PAT METHENY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014

Sales revenue $6,871

Cost of goods sold 4,696

Gross margin 2,175

Selling and administrative expenses 934

Income from operations 1,241

Other revenues and gains:

Gain on sale of investments 85

Income before tax 1,326

Income tax expense 536

Net income $790

Cash dividends 265

Income retained in business $525

Additional information: During the year, $71 of common stock was issued in exchange for plant assets. No plant assets were sold in 2014. 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).)