• Harmon Helmets purchased equipment for $62,000 cash, sold equipment costing $36,000 with a book value of $22,000 at a loss, and declared dividends during 2013. No new notes payable were issued during the year. Financial data follows:

	Dec. 31, 2013	Dec. 31, 2012	Change			2013
Cash	$44,600	$43,000	$1,600		Sales revenue	$850,000
Accounts receivable	31,200	13,800	17,400		Cost of sales	425,000
Inventory	28,000	21,000	7,000		Salaries expense	135,000
Equipment	180,000	154,000	21,000		Depreciation expense	18,000
Accum. depreciation	(46,000)	(42,000)	1,000		Interest expense	3,500
Accounts payable	25,400	36,400	(11,000)		Loss on sale of equipment	3,000
Unearned revenue	16,200	21,200	(5,000)		Income taxes expense	44,000
Accrued salaries	7,000	8,800	(1,800)		Net income	$221,500
Taxes payable	11,600	8,000	3,600
Long-term notes pay.	37,000	55,000	(18,000)
Common stock	90,000	28,000	62,000
Retained earnings	50,600	32,400	18,200

Calculate cash flows from operations using the indirect method for 2013.