Wildhorse Co. reported the following information for 2017.

Wildhorse Co. Comparative Balance Sheets December 31
Assets		2017			2016			Change Increase/Decrease
Cash		$54,190			$36,090			$18,100	Increase
Accounts receivable		61,960			21,880			40,080	Increase
Inventory		43,830			0			43,830	Increase
Prepaid expenses		6,040			3,990			2,050	Increase
Land		54,900			70,260			15,360	Decrease
Buildings		201,930			201,930			0
Accumulated depreciationbuildings		(20,820	)		(13,880	)		6,940	Increase
Equipment		182,690			68,400			114,290	Increase
Accumulated depreciationequipment		(27,360	)		(10,090	)		17,270	Increase
Totals		$557,360			$378,580
Liabilities and Stockholders Equity
Accounts payable		$43,400			$39,810			$3,590	Increase
Accrued expenses payable		0			9,920			9,920	Decrease
Bonds payable		99,340			149,580			50,240	Decrease
Common stock ($1 par)		230,940			59,810			171,130	Increase
Retained earnings		183,680			119,460			64,220	Increase
Totals		$557,360			$378,580

Wildhorse Co. Income Statement For the Year Ended December 31, 2017
Sales revenue				$936,670
Cost of goods sold		$478,040
Operating expenses		229,760
Interest expense		11,900
Loss on disposal of equipment		1,990		721,690
Income before income taxes				214,980
Income tax expense				65,380
Net income				$149,600

Additional information:
1.		Operating expenses include depreciation expense of $39,720.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $85,380 were declared and paid in 2017.
4.		Equipment with a cost of $165,510 was purchased for cash. Equipment with a cost of $51,220 and a book value of $35,710 was sold for $33,720 cash.
5.		Bonds of $50,240 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $171,130 was issued for cash.

Use this information to prepare a 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).)