White Media Corporation had the following Income Statement and Balance Sheet for 2011

White Media Corporation
Income Statement
Year Ended December 31, 2011
	Service revenue		$76,000
	Depreciation expense		5,500
	Other expenses		52,000
	Net income		$18,500

	White Media Corporation
	Comparative Balance Sheet
	December 31, 2011 and 2010
Assets		2011	2010	Liabilities	2011	2010
Current:				Current:
Cash		$5,200	$4,200	Accounts payable	$8,000	$6,500
Accounts receivable		9,100	4,600	Long-term notes payable	10,000	13,000
Equipment, net		71,000	66,000
				Stockholders' Equity
				Common stock	27,000	23,000
				Retained earnings	40,300	32,300
		$85,300	$74,800		$85,300	$74,800

During the year White issued a $5,200 note payable. White acquired of equipment of $10,500, and made payments on the long-term note payable in the amount of $8,200 during he year.

Requirement

1.	Prepare WhiteWhite Media's Statement of Cash Flowslong dashindirect methodlong dashfor the year ended December 31, 2011. (Use parentheses or a minus sign for numbers to be subtracted.)