XS Supply Company is developing its annual financial statements at December 31, 2014. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

		2014				2013
Balance sheet at December 31
Cash	$	36,900			$	29,900
Accounts receivable		39,800				31,800
Merchandise inventory		44,000				41,000
Property and equipment		126,100				103,300
Less: Accumulated depreciation		(34,700)				(27,300)
	$	212,100			$	178,700
Accounts payable	$	40,700			$	32,100
Wages payable		3,700				4,100
Note payable, long-term		48,000				55,100
Contributed capital		94,900				74,900
Retained earnings		24,800				12,500
	$	212,100			$	178,700
Income statement for 2014
Sales	$	139,000
Gain on sale of equipment		3,000
Cost of goods sold		89,000
Other expenses		40,700
Net income	$	12,300

Additional data:

a.	Bought equipment for cash, $35,800.
	Sold equipment with original cost of $13,000, accumulated depreciation of $10,000, for $6,000 cash.
b.	Paid $7,100 on the long-term note payable.
c.	Issued new shares of stock for $20,000 cash.
d.	No dividends were declared or paid.
e.	Other expenses included depreciation, $17,400; wages, $13,900; taxes, $6,900; and other, $2,500.
f.	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, 2014, using the indirect method. (List cash outflows as negative amounts.)