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 below:

	Current Year				Prior Year
Balance sheet at December 31
Cash	$	36,300			$	31,400
Accounts receivable		38,900				31,500
Merchandise inventory		42,000				40,300
Property and equipment		125,200				102,500
Less: Accumulated depreciation		(33,700	)			(27,000	)
	$	208,700			$	178,700
Accounts payable	$	40,100			$	31,200
Wages payable		3,400				3,800
Note payable, long-term		47,100				55,600
Common stock and additional paid-in capital		94,000				74,600
Retained earnings		24,100				13,500
	$	208,700			$	178,700
Income statement for current year
Sales	$	136,000
Gain on sale of equipment		1,000
Cost of goods sold		86,000
Other expenses		40,400
Net income	$	10,600

Additional data:

1. Bought equipment for cash, $32,700. Sold equipment with original cost of $10,000, accumulated depreciation of $8,000, for $3,000 cash.
2. Paid $8,500 on the long-term note payable.
3. Issued new shares of stock for $19,400 cash.
4. No dividends were declared or paid.
5. Other expenses included depreciation, $14,700; wages, $12,800; taxes, $6,300; and other, $6,600.
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.)