Satu Company, a merchandiser, recently completed its 2015 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company€™s income statement and balance sheets follow.

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 inflows and cash outflows from operating activities according to the indirect 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 .