VELO COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 73,200			$ 32,900
Accounts receivable		85,600			70,900
Inventory		169,700			187,100
Land		73,000			101,700
Equipment		260,600			199,000
Accumulated depreciationequipment		(65,600	)		(34,100	)
Total		$596,500			$557,500
Liabilities and Stockholders Equity
Accounts payable		$ 35,200			$ 46,800
Bonds payable		150,900			203,600
Common stock ($1 par)		216,500			175,500
Retained earnings		193,900			131,600
Total		$596,500			$557,500

Additional information:

1.		Net income for 2017 was $103,100.
2.		Cash dividends of $40,800 were declared and paid.
3.		Bonds payable amounting to $52,700 were redeemed for cash $52,700.
4.		Common stock was issued for $41,000 cash.
5.		No equipment was sold during 2017, but land was sold at cost.

Prepare a statement of cash flows for 2017 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).)