Condensed financial data of Blossom Inc. follow.

Blossom Inc.
Comparative Balance Sheets
December 31
Assets	2017	2016
Cash	$ 80,800	$ 48,400
Accounts receivable	87,800	38,000
Inventory	112,500	102,850
Prepaid expenses	28,400	26,000
Long-term investments	138,000	109,000
Plant assets	285,000	242,500
Accumulated depreciation	(50,000)	(52,000)
Total	$682,500	$514,750
Liabilities and Stockholders' Equity
Accounts payable	$ 102,000	$ 67,300
Accrued expenses payable	16,500	21,000
Bonds payable	110,000	146,000
Common stock	220,000	175,000
Retained earnings	234,000	105,450
Total	$682,500	$514,750

Blossom Inc.
Income Statement Data
For the Year Ended December 31, 2017
Sales revenue		$ 388,460
Less:
Cost of goods sold	$ 135,460
Operating expenses, excluding    depreciation	12,410
Depreciation expense	46,500
Income tax expense	27,280
Interest expense	4,730
Loss on disposal of plant assets	7,500	233,880
Net income		$ 154,580

Additional information:

1.New plant assets costing $100,000 were purchased for cash during the year.

2.Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash.

3.Bonds payable matured and were paid off at face value for cash.

4.A cash dividend of $32,018 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors.

Prepare a statement of cash flows for Blossom Inc. using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)