The following income statement and information about changes in non cash current assets and current liabilities are reported.

SONAD COMPANY Income Statement For Year Ended December 31, 2015
Sales				$	1,828,000
Cost of goods sold					991,000
Gross profit					837,000
Operating expenses
Salaries expense	$	245,535
Depreciation expense		44,200
Rent expense		49,600
Amortization expenses?Patents		4,200
Utilities expense		18,125			361,660
					475,340
Gain on sale of equipment					6,200
Net income				$	481,540

Changes in current asset and current liability accounts for the year that relate to operations follow.

Accounts receivable	$	30,500	increase	Accounts payable	$	12,500	decrease
Inventory		25,000	increase	Salaries payable		3,500	decrease

Use the direct method to prepare only the cash provided or used by operating activities section of the statement of cash flows for this company. (Amounts to be deducted should be indicated with a minus sign.)

Statement of Cash Flows (Partial) Cash flows from operating activities Payments for rent Payments for salaries Payments for utilities Receipts from customers Payments for inventory Net cash provided by operating activities $ (49,600) $ (18,125) (67,725)