Here are comparative balance sheets for Velo Company.

VELO COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 72,800			$ 33,300
Accounts receivable		86,400			71,300
Inventory		170,200			186,700
Land		72,800			101,600
Equipment		260,000			200,000
Accumulated depreciationequipment		(66,500	)		(33,800	)
Total		$595,700			$559,100
Liabilities and Stockholders Equity
Accounts payable		$ 35,000			$ 47,200
Bonds payable		150,800			203,600
Common stock ($1 par)		215,200			173,000
Retained earnings		194,700			135,300
Total		$595,700			$559,100

Additional information:

1.		Net income for 2017 was $102,000.
2.		Cash dividends of $42,600 were declared and paid.
3.		Bonds payable amounting to $52,800 were redeemed for cash $52,800.
4.		Common stock was issued for $42,200 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.