Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below.

PAT METHENY COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2014
Sales revenue................................................. $6,900
Cost of goods sold............................................. 4,700
Gross margin.......................... ..........................2,200
Selling and administrative expense.......................... ..930
Income from operations....................................... 1,270
Other revenues and gains
Gain on sale of investments..................................... 80
Income before tax............................................. 1,350
Income tax expense............................................. 540
Net income....................................................... 810
Cash dividends.................................................. 260
Income retained in business................................. $ 550
Additional information:
During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2014.
Instructions
Prepare a statement of cash flows using the indirect method?

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PAT METHENY COMPANY COMPARATIVE BALANCE SHEET As OF DECEMBER 31, 2014 AND 2013 2014 2013 $1,800 $1,150 1,300 1,900 1,700 (1,170) 1,420 Cash Receivables 1,750 1,600 1,900 (1,200) 1,300 Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) $7,150 $6,300 $ 900 250 Accounts payable $1,200 Accrued liabilities 200 Bonds payable Capital stock Retained earnings 1,400 1,900 2,450 1,550 1,700 1,900 $7,150 $6,300