Condensed financial data of Waterway Industries follow.

Waterway Industries Income Statement Data For the Year Ended December 31, 2017
Sales revenue				$ 551,613
Less:
Cost of goods sold		$ 192,353
Operating expenses, excluding depreciation		17,622
Depreciation expense		66,030
Income tax expense		38,738
Interest expense		6,717
Loss on disposal of plant assets		10,650		332,110
Net income				$ 219,503

Additional information:

1.		New plant assets costing $ 142,000 were purchased for cash during the year.
2.		Old plant assets having an original cost of $ 81,650 and accumulated depreciation of $ 68,870 were sold for $2,130 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $ 36,962 was declared and paid during the year.

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).)

Waterway Industries Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2017 2016 $114,736 $68,728 53,960 159,750 146,047 36,920 195,960154,780 404,700 344,350 124,676 40,328 (71,000) (73,840) $969,150 $730,945 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $144,840 $95,566 29,820 156,200 207,320 312,400 248,500 149,739 $969,150 $730,945 23,430 332,280