The comparative statements of financial position of Mikos Inc. as at December 31, 2017 and 2018, and its statement of earnings for the year ended December 31, 2018, are presented below:

Additional information is as follows:
a.	Land was sold for cash at its carrying amount.
b.	The short-term investments will mature in February 2019 (i.e. these are cash equivalents).
c.	Cash dividends were declared and paid in 2018.
d.	New equipment with a cost of $166,600 was purchased for cash, and old equipment was sold at its carrying amount.
e.	Long-term notes of $13,000 were paid in cash, and notes of $33,000 were converted to shares.

Required:
1.	Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2018 by using the indirect method. When dealing with depreciation and amortization expenses (in the operating section), place them together as a single line item. (Negative answers should be indicated by a minus sign.)

MIKOS INC. Comparative Statements of Financial Position December 31 2018 2017 Assets Cash $ 9,600 $ 17,600 Short-term investments 55,200 27,800 Accounts receivable 71,000 28,400 Inventories, at cost 55,200 40,600 Prepaid expenses 4,600 7,200 Land 47,400 73,000 Property, plant, and equipment, net 282,400 182,000 Intangible assets 24,600 29,200 $ 550,000 $405,800 $ Liabilities and Shareholders' Equity Accounts payable Income tax payable Accrued liabilities Long-term notes payable Contributed capital Retained earnings 17,600 7,200 10,600 116,000 212,000 186,600 $ 41,200 1,600 -O- 162,000 63,000 138,000 $ 550,000 $ 405,800 $ 868,000 MIKOS INC. Statement of Earnings For the Year Ended December 31, 2018 Sales Cost of sales Amortization expenseintangible assets Depreciation expense-property, plant, and equipment Operating expenses Interest expense $ 436,000 4,600 33,600 227,000 12,600 713,800 Earnings before income taxes Income tax expense 154,200 46,260 Net earnings $ 107,940