Prepare a statement of cash flows for 2014 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash.

The following balances are available for Chrisman Company:

	December 31
	2014		2013
Cash	$10,400		$13,000
Accounts receivable	26,000		19,500
Inventory	20,600		34,400
Prepaid rent	11,700		7,800
Land	97,500		97,500
Plant and equipment	520,000		390,000
Accumulated depreciation	(84,500)		(39,000)
Totals	$601,700		$523,200
Accounts payable	$15,600		$13,000
Income taxes payable	3,900		6,500
Short-term notes payable	45,500		32,500
Bonds payable	98,000		130,000
Common stock	260,000		195,000
Retained earnings	178,700		146,200
Totals	$601,700		$523,200

Bonds were retired during 2014 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $45,500. Net income was reported at $32,500.