A comparative balance sheet for Graco, Inc., on December 31, 2019 and 2018, follows. Additional information about the firms financial activities during 2019 is also given below.

GRACO, INC. Comparative Balance Sheet December 31, 2019 and 2018
Assets	2019				2018
Cash	$	63,900			$	27,500
Accounts Receivable (Net)		128,600				79,100
Merchandise Inventory		44,600				42,500
Property, Plant, and Equipment		230,000				185,000
Less: Accumulated Depreciation		(36,000	)			(18,500	)
Total Assets	$	431,100			$	315,600
Liabilities and Stockholders' Equity
Liabilities
Accounts Payable		40,000				54,500
Bonds Payable		140,000				95,000
Total Liabilities	$	180,000			$	149,500
Stockholders' Equity
Common Stock, ($1 par, 500,000 shares authorized, 50,000 shares issued in 2018 and 60,000 shares issued in 2019)		60,000				50,000
Retained Earnings		191,100				116,100
Total Stockholders Equity	$	251,100			$	166,100
Total Liabilities and Stockholders Equity	$	431,100			$	315,600

Additional information for the year follows.

1. Had net income of $75,000.
2. Recorded $17,500 in depreciation.
3. Issued bonds payable with a par value of $45,000 at par and received cash.
4. Received $10,000 in cash for the issue of an additional 10,000 shares of $1 par value common stock.
5. Purchased equipment for $45,000 in cash.

Required: Prepare a statement of cash flows for 2019. (Amounts to be deducted should be indicated with a minus sign.)