Information from the Balance Sheet and Statement of Income are given below for Marigold Inc., a private company reporting under ASPE, for the year ended December 31.

Comparative Balance Sheet
		2017			2016
Cash		$ 93,320			$ 46,050
Accounts receivable		90,680			36,050
Inventory		121,880			102,450
Investments in land		84,980			107,050
Property, plant, and equipment		285,080			200,900
Accumulated depreciation		(48,110)			(38,900)
		$627,830			$453,600
Accounts payable		$52,580			$48,290
Accrued expenses payable		11,580			18,990
Bonds payable		140,000			69,500
Common shares		250,000			194,000
Retained earnings		173,670			122,820
		$627,830			$453,600
Revenues
Sales					$286,000
Gain on disposal of equipment					7,700
					293,700
Expenses
Cost of goods sold		$ 95,600
Depreciation expense		56,000
Operating expenses		14,170
Income tax expense		36,700
Interest expense		2,690			205,160
Profit					$ 88,540

Additional Information:
1.		Investments in land were sold at cost during 2017.
2.		Equipment costing $55,080 was sold for $15,990, resulting in a gain.
3.		Common shares were issued in exchange for some equipment during the year. No other shares were issued.
4.		The remaining purchases of equipment were paid for in cash.

Prepare a Cash Flow Statement for the year ended December 31, 2017 using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000 or in parenthesis e.g. (45,000).)