Windfall Properties has hired you to prepare a statement of cash flows. Windfalls financial statements are provided below.

BALANCE SHEET
		12/31/18		12/31/17
Cash		$408,000		$192,000
Accounts receivable		360,000		216,000
Inventory		384,000		480,000
Property, plant, and equip.	$608,000		$960,000
Accumulated depreciation	(320,000)	288,000	(304,000)	656,000
		$1,440,000		$1,544,000
Accounts payable		$276,000		$96,000
Income taxes payable		352,000		392,000
Bonds payable		260,000		600,000
Common stock		216,000		216,000
Retained earnings		336,000		240,000
		$1,440,000		$1,544,000
INCOME STATEMENT
For the Year Ended 12/31/18
Sales revenue				$8,400,000
Cost of sales				7,152,000
Gross profit				1,248,000
Selling expenses			$590,000
Administrative expenses			202,000	792,000
Income from operations				456,000
Interest expense				72,000
Income before taxes				384,000
Income taxes				96,000
Net income				$288,000

The following additional data were provided:

1.	Dividends paid for the year 2018 were $192,000.
2.	During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale.
3.	All depreciation expense is in the selling expense category.

The net cash provided (used) by financing activities in 2018 for Windfall is

$(532,000).

$(340,000).

$48,000.

$192,000.