Statement of Cash Flow Presented below are the consolidated financial statements of The Mann Corporation as of year-end 2012 and 2013.

THE MANN CORPORATION Consolidated Balance Sheets
As of Year-End ($ thousands)	2013	2012
Assets
Current assets
Cash	$400,000	$250,000
Accounts receivable (net)	990,000	760,000
Inventory	710,000	400,000
Prepaid expenses	100,000	100,000
Total current assets	2,200,000	1,510,000
Investments in affiliate companies	100,000	-
Property and equipment	1,310,000	800,000
Less: Accumulated depreciation	(110,000)	(80,000)
Property & equipment (net)	1,200,000	720,000
Total assets	$3,500,000	$2,230,000
Liabilities & Shareholders Equity
Current liabilities
Accounts payable	$570,000	$500,000
Accrued expenses payable	200,000	220,000
Dividends payable	70,000	-
Total current liabilities	840,000	720,000
Note payabledue in ten years	500,000	-
Total liabilities	1,340,000	720,000
Shareholders equity
Common stock, $5 par value	300,000	200,000
Additional paid-in-capital	1,200,000	1,160,000
Retained earnings	660,000	150,000
Total shareholders equity	2,160,000	1,510,000
Total liabilities & shareholders equity	$3,500,000	$2,230,000

THE MANN CORPORATION Consolidated Income Statement
For Year Ended ($ thousands)	2013	2012
Sales	$16,800,0000	$12,000,000
Cost of goods sold	14,000,000	10,400,000
Gross margin	2,800,000	1,600,000
Selling & administrative expenses	1,930,000	1,048,000
Depreciation expense	30,000	20,000
Income tax expense	240,000	152,000
Net income	$600,000	$380,000

Required Using the above financial data, prepare the statement of cash flow for 2013 using the indirect method.