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XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:

	Current Year					Previous Year
Balance Sheet at December 31
Cash		$	32,090				$	27,000
Accounts Receivable			33,200					27,100
Inventory			39,200					37,100
Equipment			107,500					91,000
Accumulated DepreciationEquipment			(28,200	)				(24,100	)
		$	183,790				$	158,100
Accounts Payable		$	34,200				$	26,100
Salaries and Wages Payable			1,090					1,200
Note Payable (long-term)			29,900					35,000
Common Stock			83,200					71,700
Retained Earnings			35,400					24,100
		$	183,790				$	158,100
Income Statement
Sales Revenue		$	111,000
Cost of Goods Sold			65,500
Other Expenses			34,200
Net Income		$	11,300

Additional Data:
a.	Bought equipment for cash, $16,500.
b.	Paid $5,100 on the long-term note payable.
c.	Issued new shares of stock for $11,500 cash.
d.	No dividends were declared or paid.
e.	Other expenses included depreciation, $4,100; Salaries and wages, $19,100; taxes, $5,100; utilities, $5,900.
f.	Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.

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

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