Here are comparative balance sheets for Velo Company.

VELO COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$72,900			$32,600
Accounts receivable		85,800			71,300
Inventory		170,100			186,800
Land		73,700			100,200
Equipment		259,700			200,200
Accumulated depreciationequipment		(66,200	)		(33,700	)
Total		$596,000			$557,400
Liabilities and Stockholders Equity
Accounts payable		$35,000			$46,700
Bonds payable		151,000			204,000
Common stock ($1 par)		216,400			175,500
Retained earnings		193,600			131,200
Total		$596,000			$557,400

Additional information:

1.		Net income for 2017 was $102,800.
2.		Cash dividends of $40,400 were declared and paid.
3.		Bonds payable amounting to $53,000 were redeemed for cash $53,000.
4.		Common stock was issued for $40,900 cash.
5.		No equipment was sold during 2017, but land was sold at cost.

Prepare a statement of cash flows for 2017 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).)