The following is Sullivan Corp.'s comparative statement of financial position accounts at December 31, 2019 and 2018, with a column showing the increase (decrease) from 2018 to 2019.

Additional information:
1. On December 31, 2017, Sullivan acquired 25% of Myers Co.'s ordinary shares for $275,000. On that date, the carrying value of Myers' assets and liabilities, which approximated their fair values, was $1,100,000. Myers reported income of $140,000 for the year ended December 31, 2019. No dividend was paid on Myers' ordinary shares during the year.
2. During 2019, Sullivan loaned $300,000 to TLC Co., an unrelated company. TLC made the first semi-annual principal repayment of $50,000, plus interest at 10%, on December 31, 2019.
3. On January 2, 2019, Sullivan sold equipment costing $60,000, with a carrying amount of $38,000, for $40,000 cash.
4. On December 31, 2019, Sullivan entered into a finance lease for an office building. The present value of the annual rental payments is $400,000, which equals the fair value of the building. Sullivan made the first rental payment of $60,000 when due on January 2, 2020.
5. Net income for 2019 was $370,000.
6. Sullivan declared and paid cash dividends for 2019 and 2018 as shown below.

Instructions
Prepare a statement of cash flows for Sullivan Corp. for the year ended December 31, 2019, using the indirect method.

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OF FINANCIAL POSITION COMPARATIVE STATEMENTS 2018 Increase (Decrease) 2019 $340,000 Property, plant and equipment $3,307,000 $2,967,000 Accumulated depreciation (1,165,000) (1,040,000) (125,000) Equity investment (Myers Co.) 310,000 275,000 35,000 Inventory 1,850,000 1,715,000 135,000 Accounts receivable 1,128,000 1,168,000 (40,000) Debt investment 250,000 250,000 Cash 815,000 700,000 115,000 $6,495,000 $5785,000 $710,000 Total assets Share capital-ordinary, $1 par s $ 500,000 500,000 Share premium-ordinary 1,500,000 1,500,000 Retained earnings $290,000 2,970,000 2,680,000 Finance lease obligation 400,000 400,000 Accounts payable 1,015,000 955,000 60,000 Income taxes payable 30,000 50,000 (20,000) Dividends payable 80,000 100,000 (20,000) $6,495,000 $5785,000 $710,000 Total equity and liabilities 2018 2019 Declared December 15, 2019 December 15, 2018 Paid February 28, 2020 February 28, 2019 Amount $80,000 $100,000