Condensed financial data of Pina Company for 2017 and 2016 are presented below.

PINA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016
		2017			2016
Cash		$1,770			$1,170
Receivables		1,790			1,320
Inventory		1,610			1,940
Plant assets		1,910			1,680
Accumulated depreciation		(1,200	)		(1,190	)
Long-term investments (held-to-maturity)		1,300			1,420
		$7,180			$6,340
Accounts payable		$1,210			$910
Accrued liabilities		200			240
Bonds payable		1,370			1,560
Common stock		1,880			1,740
Retained earnings		2,520			1,890
		$7,180			$6,340

PINA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue		$7,010
Cost of goods sold		4,730
Gross margin		2,280
Selling and administrative expenses		930
Income from operations		1,350
Other revenues and gains
Gain on sale of investments		80
Income before tax		1,430
Income tax expense		540
Net income		890
Cash dividends		260
Income retained in business		$630

During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017. Prepare a statement of cash flows using the direct method