XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

	Current Year			Previous Year
Balance Sheet at December 31
Cash	$	35,090		$	30,150
Accounts Receivable		36,200			28,600
Inventory		42,200			38,600
Equipment		130,000			106,000
Accumulated DepreciationEquipment		(31,200	)		(25,600	)
Total Assets	$	212,290		$	177,750
Accounts Payable	$	37,200		$	27,600
Salaries and Wages Payable		1,090			1,350
Note Payable (long-term)		43,400			50,000
Common Stock		92,200			73,200
Retained Earnings		38,400			25,600
Total Liabilities and Stockholders Equity	$	212,290		$	177,750
Income Statement
Sales Revenue	$	126,000
Cost of Goods Sold		73,000
Other Expenses		40,200
Net Income	$	12,800

Additional Data:

1. Bought equipment for cash, $24,000.
2. Paid $6,600 on the long-term note payable.
3. Issued new shares of stock for $19,000 cash.
4. No dividends were declared or paid.
5. Other expenses included depreciation, $5,600; salaries and wages, $20,600; taxes, $6,600; utilities, $7,400.
6. Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.

Required:

1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)