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		$	35,650				$	30,750
Accounts Receivable			37,000					29,000
Inventory			43,000					39,000
Equipment			136,000					110,000
Accumulated DepreciationEquipment			(32,000	)				(26,000	)
		$	219,650				$	182,750
Accounts Payable		$	38,000				$	28,000
Salaries and Wages Payable			850					1,150
Note Payable (long-term)			47,000					54,000
Common Stock			94,600					73,600
Retained Earnings			39,200					26,000
		$	219,650				$	182,750
Income Statement
Sales Revenue		$	130,000
Cost of Goods Sold			75,000
Other Expenses			41,800
Net Income		$	13,200

Additional Data:
a.	Bought equipment for cash, $26,000.
b.	Paid $7,000 on the long-term note payable.
c.	Issued new shares of stock for $21,000 cash.
d.	No dividends were declared or paid.
e.	Other expenses included depreciation, $6,000; Salaries and wages, $21,000; taxes, $7,000; utilities, $7,800.
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 current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)