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The comparative statements of financial position of Mikos Inc. as at December 31, 2017 and 2018, and its statement of earnings for the year ended December 31, 2018, are presented below:

Additional information is as follows:
a.	Land was sold for cash at its carrying amount.
b.	The short-term investments will mature in February 2019 (i.e. these are cash equivalents).
c.	Cash dividends were declared and paid in 2018.
d.	New equipment with a cost of $166,500 was purchased for cash, and old equipment was sold at its carrying amount.
e.	Long-term notes of $12,500 were paid in cash, and notes of $32,500 were converted to shares.

Required:
1.	Prepare a statement of cash flows for Mikos Inc. for the year ended December 31, 2018 by using the indirect method. When dealing with depreciation and amortization expenses (in the operating section), place them together as a single line item. (Negative answers should be indicated by a minus sign.)

MIKOS INC Comparative Statements of Financial Position December 31 2018 2017 Assets Cash Short-term investments Accounts receivable Inventories, at cost Prepaid expenses Land Property, plant, and equipment, net Intangible assets $ 9,500 $ 17,500 53,500 26,500 70,500 28,000 55,00040,500 7,000 47,00072,500 282,000 181,500 24,500 29,000 4,500 $546,500 $402,500 Liabilities and Shareholders' Equity Accounts pavable Income tax pavable Accrued liabilities Long-term notes payable Contributed capital Retained earnings $ 17,500 $ 41,000 1,500 -0 15,000 60,000 210,000 62,500 186,500 137,500 7,000 10,500 $546,500 $402,500

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