Carla Inc., a greeting card company, had the following statements prepared as of December 31, 2017.

CARLA INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016
		12/31/17			12/31/16
Cash		$6,100			$7,100
Accounts receivable		62,400			51,000
Short-term debt investments (available-for-sale)		34,700			18,100
Inventory		40,400			60,300
Prepaid rent		4,900			4,000
Equipment		154,100			130,600
Accumulated depreciationequipment		(34,900	)		(24,800	)
Copyrights		46,400			49,800
Total assets		$314,100			$296,100
Accounts payable		$46,500			$40,200
Income taxes payable		4,000			6,000
Salaries and wages payable		8,100			4,100
Short-term loans payable		7,900			10,100
Long-term loans payable		59,600			68,400
Common stock, $10 par		100,000			100,000
Contributed capital, common stock		30,000			30,000
Retained earnings		58,000			37,300
Total liabilities & stockholders equity		$314,100			$296,100

CARLA INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017
Sales revenue				$339,800
Cost of goods sold				176,500
Gross profit				163,300
Operating expenses				120,500
Operating income				42,800
Interest expense		$11,300
Gain on sale of equipment		2,000		9,300
Income before tax				33,500
Income tax expense				6,700
Net income				$26,800

Additional information:

1.		Dividends in the amount of $6,100 were declared and paid during 2017.
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 $20,100 and was 70% depreciated was sold during 2017.

Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Cash Received from Customers 328400 Cash Payments to Suppliers 15030