The income statement for the year ended December 31, 2017, for Shamrock Manufacturing Company contains the following condensed information. $6,571,000 SHAMROCK CO. INCOME STATEMENT Revenues Operating expenses (excluding depreciation) $4,908,000 Depreciation expense 858,000 Income before income tax Income tax expense Net income 5,766,000 805,000 362,250 442,750 Included in operating expenses is a $19,000 loss resulting from the sale of machinery for $258,000 cash. The company purchased machinery at a cost of $728,000. Shamrock reports the following balances on its comparative balance sheets at December 31. SHAMROCK CO. COMPARATIVE BALANCE SHEETS (PARTIAL) 2017 2016 Cash $645,750 $118,000 Accounts receivable 773,000 598,000 Inventory 828,000 859,000 Accounts payable 519,000 499,000 Income tax expense of $362,250 represents the amount paid in 2017. Dividends declared and paid in 2017 totaled $198,000. (a) Prepare the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHAMROCK COMPANY Statement of Cash Flows Adjustments to reconcile net income to $