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

SKYSONG COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016
		2017			2016
Cash		$1,760			$1,130
Receivables		1,740			1,270
Inventory		1,640			1,880
Plant assets		1,890			1,700
Accumulated depreciation		(1,280	)		(1,150	)
Long-term investments (held-to-maturity)		1,280			1,400
		$7,030			$6,230
Accounts payable		$1,200			$920
Accrued liabilities		190			260
Bonds payable		1,380			1,520
Common stock		1,870			1,660
Retained earnings		2,390			1,870
		$7,030			$6,230

SKYSONG COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue		$6,970
Cost of goods sold		4,780
Gross margin		2,190
Selling and administrative expenses		930
Income from operations		1,260
Other revenues and gains
Gain on sale of investments		70
Income before tax		1,330
Income tax expense		550
Net income		780
Cash dividends		260
Income retained in business		$520

Additional information: During the year, $80 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