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

Pat Metheny Comparative Balance Sheet As of December 31, 2014 and 2013 2014 2013

Cash1,800 1,100 Receivables1,750 1,300 Inventory1,600 1,900 Plantassets1,900 1,700 Accumulateddepreciation (1,200) (1,170) Long-term investments(Held-to-maturity)1,300 1,470 $7,150$6,300 Accountspayable1,200 800 Accruedliabilities200 250 Bondspayable1,400 1,650 Capitalstock1,900 1,700 RetainedEarnings2,450 1,900 $7,150 $6,300

Pat Metheny Income Statement For the year ended December 31, 2014

Sales6,900 Cost of goodssold4,700 GrossMargin2,200 Selling & admin Expenses 930 Income from operations 1,270 Gain on sale of investment 80

Income before tax 1,350 Income tax expense 540 Netincome 810 Cashdividends260 Income retained in business 550

Additional information:

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2014.

Instructions:

Prepare a statement of cash flows using the indirect method.