Here are comparative balance sheets for Velo Company.

VELO COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 72,500			$ 32,800
Accounts receivable		85,600			70,900
Inventory		169,600			186,800
Land		73,600			100,100
Equipment		259,400			200,800
Accumulated depreciationequipment		(66,300	)		(34,100	)
Total		$594,400			$557,300
Liabilities and Stockholders Equity
Accounts payable		$ 35,500			$ 46,600
Bonds payable		149,100			203,700
Common stock ($1 par)		214,400			175,800
Retained earnings		195,400			131,200
Total		$594,400			$557,300

Additional information:

1.		Net income for 2017 was $101,800.
2.		Cash dividends of $37,600 were declared and paid.
3.		Bonds payable amounting to $54,600 were redeemed for cash $54,600.
4.		Common stock was issued for $38,600 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).)