Refer to Satu Company's financial statements and related information in Problem.

In problem

Additional Information on Year 2015 Transactions
a. Purchased equipment for $30,250 cash.
b. Issued 3,000 shares of common stock for $21 cash per share.
c. Declared and paid $60,000 of cash dividends.

Required
Prepare a complete statement of cash flows; report its cash flows from operating activities according to the direct method.

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SATU COMPANY Comparatlve Balance Sheets December 31,2015 and 2014 2015 2014 Assets Cash Accounts receivable. Total current assets Inventory Equipment Accum. depreciation -Equipment(46,70031,000) $ 58,750 28,400 20,22225,860 54,260 65,667 40,320 77,500 78,972 107.750 SATU COMPANY Income Statement For Year Ended December 31,2015 $305,689 $241,080 Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities. Equity Common stock, $5 par value Paid-in capital in excess $750,800 269,200 481,600 20,372 $157,530 Sales... · 2,100 6,100 22,472 63,630 Gross proft Operating expenses Depreciation expense$ 15,700 40,000 189,633 291,967 89,200 $202,767 Other expenses Income before taxes . of par, common stock 68,000 20,000 32,450 Income taxe s expense Total liabilities and equity $305,689 $241,080 Net income .