Statement of Cash Flows (Indirect Method) The Sweet Company's income statement and comparative balance sheets as of December 31 of the previous year and the current year are presented below:

SWEET COMPANY Income Statement For the Year Ended December 31
Sales Revenue		$1,040,600
Cost of Goods Sold	$557,700
Wages Expense	223,300
Depreciation Expense	66,000
Insurance Expense	14,300
Interest Expense	13,200
Income Tax Expense	62,700
Gain on Sale of Equipment	(17,600)	919,600
Net Income		$121,000

SWEET COMPANY Balance Sheets
	Dec. 31, Current Year	Dec. 31, Previous Year
Assets
Cash	$25,300	$34,100
Accounts Receivable	74,800	47,300
Inventory	194,700	138,600
Prepaid Insurance	9,900	12,100
Plant Assets	975,700	847,000
Accumulated Depreciation	(207,900)	(192,500)
Total Assets	$1,072,500	$886,600
Liabilities and Stockholders' Equity
Accounts Payable	$40,700	$29,700
Interest Payable	5,500	-
Income Tax Payable	13,200	17,600
Bonds Payable	148,500	88,000
Common Stock	726,000	643,500
Retained Earnings	195,800	107,800
Treasury Stock	(57,200)	-
Total Liabilities and Stockholders' Equity	$1,072,500	$886,600

During the year, Sweet Company sold equipment for $29,700 cash that originally cost $62,700 and had $50,600 accumulated depreciation. New equipment was purchased for cash. Bonds payable and common stock were issued for cash. Cash dividends of $33,000 were declared and paid. At the end of the year, shares of treasury stock were purchased for cash. Accounts payable relate to merchandise purchases. Required a. Compute the change in cash that occurred during the current year. b. Prepare a statement of cash flows using the indirect method.