JOHNSTON ENTERPRISES         
BALANCE SHEET         
   31-Dec-17      31-Dec-16
Current Assets:         
Cash   $140,000       $120,000
Accounts Receivable   200,000      300,000
Inventory   400,000      300,000
Total Current Assets   740,000      720,000
Property, Plant, and Equipment   1,241,000      1,122,000
Less: Accumulated Depreciation   -476,000      -442,000
Total Assets   1,505,000      1,400,000
          
Current Liabilities:           
Accounts Payable   $201,000       $130,000
Notes Payable   40,000      60,000
Income Taxes Payable   90,000      70,000
Total Current Liabilities   331,000      260,000
Bonds Payable   300,000      400,000
Total Liabilities   631,000      660,000
          
Stockholders' Equity         
Common Stock   500,000      400,000
Retained Earnings   374,000      340,000
Total Stockholders' Equity   874,000      740,000
Total Liabilities & Stockholders' Equity  1,505,000       1,400,000
          
INCOME STATEMENT         
Sales Revenue   $1,580,000       $1,500,000
Less Cost of Goods Sold   770,000      740,000
Gross Profit Expenses:   810,000      760,000
          
Depreciation Expense   153,000      136,000
Salaries and Wages Expense   350,000      340,000
Interest Expense   41,000      31,000
Loss on Sale of Equipment   12,000      0
Income Before Taxes   254,000      253,000
Less Income Tax Expense   90,000      100,000
Net Income   164,000      153,000
ADDITIONAL INFORMATION         
During the year, Johnston sold equipment. The book value of theequipment          
was comprised of the following amounts:         
Original Cost:   153,000     
Accumulated Deprecation:   119,000     
          
During the year Johnston purchased new equipment asfollows:          
Cost of new equipment:   272,000     
          
Dividends were paid during the year.         

Prepare a statement of cash flows for the year ending December31, 2017. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).)