Condensed financial data of Waterway Inc. follow.

WATERWAY INC. Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 84,700			$ 50,800
Accounts receivable		88,400			37,000
Inventory		113,000			101,200
Prepaid expenses		29,900			27,500
Long-term investments		139,800			113,500
Plant assets		285,600			241,200
Accumulated depreciation		( 47,200)			( 49,300)
Total		$ 694,200			$ 521,900
Liabilities and Stockholders Equity
Accounts payable		$ 110,500			$ 66,100
Accrued expenses payable		16,100			21,500
Bonds payable		118,700			149,600
Common stock		219,400			174,500
Retained earnings		229,500			110,200
Total		$ 694,200			$ 521,900

WATERWAY INC. Income Statement For the Year Ended December 31, 2022
Sales revenue				$ 380,100
Less:
Cost of goods sold		$ 134,900
Operating expenses, excluding depreciation		12,400
Depreciation expense		48,800
Income tax expense		26,900
Interest expense		4,100
Loss on disposal of plant assets		5,200		232,300
Net income				$ 147,800

Additional information:

1.		New plant assets costing $ 101,800 were purchased for cash during the year.
2.		Old plant assets having an original cost of $ 57,400 and accumulated depreciation of $ 50,900 were sold for $ 1,300 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $ 28,500 was declared and paid during the year.
5.		Common stock was issued at par for cash.
6.		There were no significant noncash transactions.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)