XS Supply Company is developing its annual financial statementsat December 31. The statements are complete except for thestatement of cash flows. The completed comparative balance sheetsand income statement are summarized:

	Current Year					Previous Year
Balance Sheet atDecember 31
Cash		$	32,570				$	27,500
Accounts Receivable			33,600					27,300
Inventory			39,600					37,300
Equipment			110,500					93,000
AccumulatedDepreciation—Equipment			(28,600	)				(24,300	)
		$	187,670				$	160,800
Accounts Payable		$	34,600				$	26,300
Salaries and Wages Payable			1,170					1,300
Note Payable (long-term)			31,700					37,000
Common Stock			84,400					71,900
Retained Earnings			35,800					24,300
		$	187,670				$	160,800
Income Statement
Sales Revenue		$	113,000
Cost of Goods Sold			66,500
Other Expenses			35,000
Net Income		$	11,500

Additional Data:
a.	Bought equipment for cash, $17,500.
b.	Paid $5,300 on the long-term note payable.
c.	Issued new shares of stock for $12,500 cash.
d.	No dividends were declared or paid.
e.	Other expenses included depreciation, $4,300; Salaries andwages, $19,300; taxes, $5,300; utilities, $6,100.
f.	Accounts Payable includes only inventory purchases made oncredit. Because there are no liability accounts relating to taxesor other expenses, assume that these expenses were fully paid incash.

Required:
1.	Prepare the statement of cash flows for the current year endedDecember 31 using the indirect method. (Amounts to bededucted should be indicated with a minus sign.)