MONTGOMERY INC. Comparative Balance Sheets December 31
	Current Year						Prior Year
Assets
Cash		$	78,500					$	78,600
Accounts receivable, net			16,700						20,400
Inventory			149,700						117,900
Total current assets			244,900						216,900
Equipment			82,900						69,800
Accum. depreciationEquipment			(37,500	)					(25,700	)
Total assets		$	290,300					$	261,000
Liabilities and Equity
Accounts payable		$	39,900					$	42,700
Salaries payable			700						1,000
Total current liabilities			40,600						43,700
Equity
Common stock, no par value			210,200						195,500
Retained earnings			39,500						21,800
Total liabilities and equity		$	290,300					$	261,000

MONTGOMERY INC. Income Statement For Current Year Ended December 31
Sales				$	76,100
Cost of goods sold					(31,600	)
Gross profit					44,500
Operating expenses
Depreciation expense	$	11,800
Other expenses		9,400
Total operating expense					21,200
Income before taxes					23,300
Income tax expense					5,600
Net income				$	17,700

Additional Information on Current-Year Transactions

1. No dividends are declared or paid.
2. Issued additional stock for $14,700 cash.
3. Purchased equipment for cash; no equipment was sold.

1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)