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

WATERWAY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016
		2017			2016
Cash		$1,780			$1,170
Receivables		1,760			1,280
Inventory		1,620			1,880
Plant assets		1,910			1,670
Accumulated depreciation		(1,210	)		(1,160	)
Long-term investments (held-to-maturity)		1,330			1,440
		$7,190			$6,280
Accounts payable		$1,230			$920
Accrued liabilities		210			250
Bonds payable		1,370			1,560
Common stock		1,920			1,680
Retained earnings		2,460			1,870
		$7,190			$6,280

WATERWAY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue		$6,820
Cost of goods sold		4,600
Gross margin		2,220
Selling and administrative expenses		910
Income from operations		1,310
Other revenues and gains
Gain on sale of investments		80
Income before tax		1,390
Income tax expense		540
Net income		850
Cash dividends		260
Income retained in business		$590

Additional information: 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 indirect method.