Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2014.

BRECKER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013
		12/31/14			12/31/13
Cash		$6,067			$8,897
Accounts receivable		62,098			49,128
Short-term investments (available-for-sale)		34,909			18,087
Inventory		39,915			59,866
Prepaid rent		5,014			4,042
Equipment		153,330			125,780
Accumulated depreciationequipment		(35,140	)		(25,042	)
Copyrights		46,115			50,102
Total assets		$312,308			$290,860
Accounts payable		$45,942			$41,885
Income taxes payable		4,177			6,153
Salaries and wages payable		7,842			3,976
Short-term loans payable		7,957			10,020
Long-term loans payable		59,898			67,031
Common stock, $10 par		104,260			104,260
Contributed capital, common stock		26,600			26,600
Retained earnings		55,632			30,935
Total liabilities & stockholders equity		$312,308			$290,860

BRECKER INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2014
Sales revenue				$341,239
Cost of goods sold				174,030
Gross profit				167,209
Operating expenses				120,910
Operating income				46,299
Interest expense		$11,361
Gain on sale of equipment		2,127		9,234
Income before tax				37,065
Income tax expense				6,746
Net income				$30,319

Additional information:

1.		Dividends in the amount of $5,622 were declared and paid during 2014.
2.		Depreciation expense and amortization expense are included in operating expenses.
3.		No unrealized gains or losses have occurred on the investments during the year.
4.		Equipment that had a cost of $30,340 and was 70% depreciated was sold during 2014.

Prepare a statement of cash flows using the indirect method.