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Marigold Corp. reported the following information for 2017.

Marigold Corp. Comparative Balance Sheets December 31
Assets		2017			2016			Change Increase/Decrease
Cash		$53,860			$35,660			$18,200	Increase
Accounts receivable		62,260			22,070			40,190	Increase
Inventory		43,860			0			43,860	Increase
Prepaid expenses		6,040			4,030			2,010	Increase
Land		55,390			70,180			14,790	Decrease
Buildings		200,380			200,380			0
Accumulated depreciationbuildings		(21,090	)		(14,060	)		7,030	Increase
Equipment		182,400			67,500			114,900	Increase
Accumulated depreciationequipment		(26,890	)		(9,900	)		16,990	Increase
Totals		$556,210			$375,860
Liabilities and Stockholders Equity
Accounts payable		$42,870			$39,600			$3,270	Increase
Accrued expenses payable		0			9,960			9,960	Decrease
Bonds payable		99,740			149,590			49,850	Decrease
Common stock ($1 par)		229,840			59,820			170,020	Increase
Retained earnings		183,760			116,890			66,870	Increase
Totals		$556,210			$375,860

Marigold Corp. Income Statement For the Year Ended December 31, 2017
Sales revenue				$934,300
Cost of goods sold		$471,790
Operating expenses		231,350
Interest expense		11,910
Loss on disposal of equipment		1,990		717,040
Income before income taxes				217,260
Income tax expense				65,250
Net income				$152,010

Additional information:
1.		Operating expenses include depreciation expense of $39,610.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $85,140 were declared and paid in 2017.
4.		Equipment with a cost of $166,390 was purchased for cash. Equipment with a cost of $51,490 and a book value of $35,900 was sold for $33,910 cash.
5.		Bonds of $49,850 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $170,020 was issued for cash.

Use this information to prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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