Waterway Industries has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Waterway Industries for 2019 and 2018 are provided below.

BALANCE SHEETS
						12/31/19					12/31/18
	Cash					$410000					$ 194000
	Accounts receivable					358000					215000
	Inventory					386000					478000
	Property, plant and equipment		$610000					$961000
	Less accumulated depreciation		(319000	)		291000		(302000	)		659000
						$1445000					$1546000
.
	Accounts payable					$ 176000					$ 96000
	Income taxes payable					350000					393000
	Bonds payable					358000					600000
	Common stock					215000					215000
	Retained earnings					346000					242000
						$1445000					$1546000

INCOME STATEMENT For the Year Ended December 31, 2019
	Sales revenue								$8420000
	Cost of sales								7153000
	Gross profit								1267000
	Selling expenses						$601000
	Administrative expenses						193000		794000
	Income from operations								473000
	Interest expense								74000
	Income before taxes								399000
	Income taxes								97000
	Net income								$ 302000

The following additional data were provided:

	1.	Dividends for the year 2019 were $198000.
	2.	During the year, equipment was sold for $241000. This equipment cost $350000 originally and had a book value of $291000 at the time of sale. The loss on sale was incorrectly charged to cost of sales.
	3.	All depreciation expense is in the selling expense category

The net cash provided (used) by financing activities is