Condensed financial data of Cheng Inc. follow.

CHENG INC. Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$114,700			$48,900
Accounts receivable		92,400			33,100
Inventory		111,400			101,200
Prepaid expenses		29,400			25,500
Investments		140,900			114,000
Equipment		265,600			241,300
Accumulated depreciation-equipment		(46,300	)		(52,600	)
Total		$708,100			$511,400
Liabilities and Stockholders’ Equity
Accounts payable		$111,500			$67,200
Accrued expenses payable		16,500			17,200
Bonds payable		114,000			149,000
Common stock		219,000			175,500
Retained earnings		247,100			102,500
Total		$708,100			$511,400

CHENG INC. Income Statement For the Year Ended December 31, 2020
Sales revenue				$392,300
Less:
Cost of goods sold		$134,800
Operating expenses, excluding depreciation		11,600
Depreciation expense		28,700
Income tax expense		27,500
Interest expense		4,000
Loss on disposal of plant assets		7,500		214,100
Net income				$178,200

Additional information:

1.		New equipment costing $79,800 was purchased for cash during the year.
2.		Old equipment having an original cost of $55,500 was sold for $13,000 cash.
3.		Bonds matured and were paid off at face value for cash.
4.		A cash dividend of $33,600 was declared and paid during the year.

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)