Meta company is consistently using indirect method for preparing its statement of cash flows. The comparative balance sheet and some additional information of the company are given below:

Meta Company Comparative balance sheet
	December 31
Assets:	2013	2012
Cash	90,000	100,000
Marketable securities	50,000	80,000
Accounts receivable	660,000	640,000
Inventory	470,000	480,000
Plant and equipment net of accumulated depreciation	1,280,000	1,200,000
Total	2,550,000	2,500,000
Liabilities:
Accounts payable	320,000	300,000
Accrued expenses payable	90,000	120,000
Mortgage note payable	140,000	-0-
bonds payable	700,000	1,000,000
Common stock	320,000	320,000
Retained earnings	980,000	760,000
Total	2,550,000	2,500,000
Additional information:
1.)Net income for the year: $500,000. 2.)Cash dividend declared and paid during the year: $280,000. 3.)Depreciation expenses for the year: $120,000 4.)Sold marketable securities for $70,000; the cost was $30,000. 5.)Acquired plant assets for $200,000. $60,000 paid in cash and a mortgage note payable was issued for the balance

Required: Prepare a Statement of Cash Flows using the Indirect Method