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Presented below are the financial statements of Swifty Corporation.

Swifty Corporation Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 60,550			$ 34,600
Accounts receivable		34,600			24,220
Inventory		48,440			34,600
Property, plant, and equipment		103,800			134,940
Accumulated depreciation		(55,360	)		(41,520	)
Total		$192,030			$186,840
Liabilities and Stockholders Equity
Accounts payable		$ 32,870			$ 25,950
Income taxes payable		12,110			13,840
Bonds payable		29,410			57,090
Common stock		31,140			24,220
Retained earnings		86,500			65,740
Total		$192,030			$186,840

Swifty Corporation Income Statement For the Year Ended December 31, 2017
Sales revenue				$418,660
Cost of goods sold				302,750
Gross profit				115,910
Selling expenses		$31,140
Administrative expenses		10,380		41,520
Income from operations				74,390
Interest expense				5,190
Income before income taxes				69,200
Income tax expense				13,840
Net income				$ 55,360

Additional data:

1.		Depreciation expense was $30,275.
2.		Dividends declared and paid were $34,600.
3.		During the year equipment was sold for $14,705 cash. This equipment cost $31,140 originally and had accumulated depreciation of $16,435 at the time of sale.

-Prepare a statement of cash flows using the indirect method

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