The following account balances are taken from the records of Morgantown Corp. for the past two years. (Credit balances are shown in parentheses.)

Other information available for 2016 is as follows:

December 31,

	2016	2015
Plant and equipment	$ 820,000	$ 600,000
Accumulated depreciation	(170,000)	(250,000)
Patents	99,000	86,000
Retained earnings	(825,000)	(675,000)

Net income for the year was $240,000.

Depreciation expense on plant and equipment was $60,000.

Plant and equipment with an original cost of $210,000 were sold for $84,000. (You will need to determine the book value of the assets sold.)

Amortization expense on patents was $11,000.

Both new plant and equipment and patents were purchased for cash during the year.

REQUIRED:

Indicate, with amounts, how all items related to these long-term assets would be reported in the 2016 statement of cash flows, including any adjustments in the Operating Activities section of the statement. Assume that Morgantown uses the indirect method.