Shown below are comparative balance sheets for Buffalo Industries.

Buffalo Industries Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 185,572			$ 60,038
Accounts receivable		240,152			207,404
Inventory		455,743			515,781
Land		218,320			272,900
Equipment		709,540			545,800
Accumulated depreciationequipment		(180,114	)		(87,328	)
Total		$1,629,213			$1,514,595
Liabilities and Stockholders Equity
Accounts payable		$ 106,431			$ 117,347
Bonds payable		409,350			545,800
Common stock ($1 par)		589,464			474,846
Retained earnings		523,968			376,602
Total		$1,629,213			$1,514,595

Additional information:

1.		Net income for 2017 was $253,797.
2.		Depreciation expense was $92,786.
3.		Cash dividends of $106,431 were declared and paid.
4.		Bonds payable amounting to $136,450 were redeemed for cash $136,450.
5.		Common stock was issued for $114,618 cash.
6.		No equipment was sold during 20

Prepare a statement of cash flows for 2017 using the indirect method.