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

	Current Year				Prior Year
Balance sheet at December 31
Cash	$	36,100			$	28,300
Accounts receivable		38,400				31,400
Merchandise inventory		45,000				40,100
Property and equipment		125,100				102,000
Less: Accumulated depreciation		(33,500	)			(26,900	)
	$	211,100			$	174,900
Accounts payable	$	39,700			$	30,900
Wages payable		3,200				3,700
Note payable, long-term		46,800				51,800
Contributed capital		93,700				74,500
Retained earnings		27,700				14,000
	$	211,100			$	174,900
Income statement for current year
Sales	$	135,000
Gain on sale of equipment		4,000
Cost of goods sold		85,000
Other expenses		40,300
Net income	$	13,700

Additional data:

1. Bought equipment for cash, $35,100. Sold equipment with original cost of $12,000, accumulated depreciation of $8,000, for $8,000 cash.
2. Paid $5,000 on the long-term note payable.
3. Issued new shares of stock for $19,200 cash.
4. No dividends were declared or paid.
5. Other expenses included depreciation, $14,600; wages, $13,900; taxes, $6,400; and other, $5,400.
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 year ended December 31, current year, using the indirect method. (List cash outflows as negative amounts.)