The comparative statements of financial position of Mikos Inc. as at December 31, 2020 and 2021 and its statement of earnings for the year ended December 31, 2021 are presented below:

MIKOS INC.
Comparative Statements of Financial Position
December 31
	2021			2020
Assets
Cash	$	9,300		$	17,300
Short-term investments		50,100			23,900
Accounts receivable		69,500			27,200
Inventories, at cost		54,600			40,300
Prepaid expenses		4,300			6,600
Land		46,200			71,500
Property, plant, and equipment, net		281,200			180,500
Intangible assets		24,300			28,600
	$	539,500		$	395,900
Liabilities and Shareholders Equity
Accounts payable	$	17,300		$	40,600
Income tax payable		6,600			1,300
Accrued liabilities		10,300			-0-
Long-term notes payable		113,000			156,000
Contributed capital		206,000			61,500
Retained earnings		186,300			136,500
	$	539,500		$	395,900

MIKOS INC.
Statement of Earnings
For the Year Ended December 31, 2021
Sales				$	859,000
Cost of sales	$	433,000
Amortization expenseintangible assets		4,300
Depreciation expenseproperty, plant, and equipment		33,300
Operating expenses		224,000
Interest expense		12,300			706,900
Earnings before income taxes					152,100
Income tax expense					45,630
Net earnings				$	106,470

Additional information is as follows:

1. Land was sold for cash at its carrying amount.
2. The short-term investments will mature in February 2022.
3. Cash dividends were declared and paid in 2021.
4. New equipment with a cost of $166,300 was purchased for cash, and old equipment was sold at its carrying amount.
5. Long-term notes of $11,500 were paid in cash, and notes of $31,500 were converted to shares.

Required:

1. Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2021 by using the indirect method. (Negative answers should be indicated by a minus sign.)