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

SUNLAND COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016
		2017			2016
Cash		$1,830			$1,130
Receivables		1,770			1,290
Inventory		1,620			1,920
Plant assets		1,940			1,680
Accumulated depreciation		(1,190	)		(1,170	)
Long-term investments (held-to-maturity)		1,300			1,410
		$7,270			$6,260
Accounts payable		$1,220			$910
Accrued liabilities		210			260
Bonds payable		1,420			1,530
Common stock		1,890			1,710
Retained earnings		2,530			1,850
		$7,270			$6,260

SUNLAND COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue		$7,100
Cost of goods sold		4,760
Gross margin		2,340
Selling and administrative expenses		930
Income from operations		1,410
Other revenues and gains
Gain on sale of investments		80
Income before tax		1,490
Income tax expense		550
Net income		940
Cash dividends		260
Income retained in business		$680

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. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SUNLAND COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 (Direct Method) Cash Flows from Operating Activitles Cash Receipts from Customers 6620 Cash Pald for Merchandise (4130) (950) Cash Pald for Income Taxes (550) (5630) Net Cash Provided by Operating Actlvities 990 Cash Flows from Investing Activities Sale of Investments 190 Purchase of Plant Assets (180) Net Cash Provided by Investing Activitles 10 Cash Flows from Financing Activitles Redemption of Bonds Payable (110)