The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows:

Additional data obtained from an examination of the accounts in the ledger for 2016 are as follows:

A.	The investments were sold for $280,680 cash.
B.	Equipment and land were acquired for cash.
C.	There were no disposals of equipment during the year.
D.	The common stock was issued for cash.
E.	There was a $199,210 credit to Retained Earnings for net income.
F.	There was a $96,260 debit to Retained Earnings for cash dividends declared.

Prepare a statement of cash flows, using the direct method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section.

12/31/16 12/31/15 ASSETS CASH ACCOUNTS RECEIVABLE (NET) INVENTORIES INVESTMENTS LAND EQUIP ACCUMULATED DEP OF EQUIP TATAL ASSETS LIABITIES & STOCKHOLDERS EQUITY ACCTS PAYABLE (MERCHANDISE CREDITORS) ACCRUED EXPENSES PAYABLE (OPERATING EXPS) 41,8502,880 DIVIDENDS PAYABLE COMMON STOCK $4 PAR PAID-IN-CAPITAL: EXCESS OF ISSUE PRICE OVER $625,650 $586,340 228,170 208,030 641,480 617,130 240,290 328,1700 706,070 552,300 (165,580) (147,010) 2.363,960 2,057,080 424.300 404.860 23,200 19,880 153,000 99,000 418,000 279,800 PAR-COMMON STOCK RETAINED EARNINGS 1,303,610 1,200,660 TOTAL LIABILITIES & STOCKHOLDERS EQUITY 2,363,960 & 2,057,080