MONTGOMERY INC. Comparative Balance Sheets December 31
	Current Year						Prior Year
Assets
Cash		$	63,500					$	63,900
Accounts receivable, net			18,100						22,100
Inventory			162,300						127,700
Total current assets			243,900						213,700
Equipment			89,900						75,600
Accum. depreciationEquipment			(40,500	)					(28,000	)
Total assets		$	293,300					$	261,300
Liabilities and Equity
Accounts payable		$	43,100					$	46,500
Salaries payable			800						1,000
Total current liabilities			43,900						47,500
Equity
Common stock, no par value			210,000						192,000
Retained earnings			39,400						21,800
Total liabilities and equity		$	293,300					$	261,300

MONTGOMERY INC. Income Statement For Current Year Ended December 31
Sales				$	77,200
Cost of goods sold					(32,100	)
Gross profit					45,100
Operating expenses
Depreciation expense	$	12,500
Other expenses		9,400
Total operating expense					21,900
Income before taxes					23,200
Income tax expense					5,600
Net income				$	17,600

Additional Information on Current-Year Transactions

1. No dividends are declared or paid.
2. Issued additional stock for $18,000 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.)