Madden Company's $2017$ income statement and comparative balance sheets at december $31$ of $2016$ and $2017$ are shown below.

Madden Company Income Statement For the Year Ended December $31,2017$

Sales $$280,000$

Cost of Goods Sold $$180,000$

Gross Profit on Sales $$100,000$

Expenses:

Wages Expense $$41,000$

Depreciation Expense $$14,000$

Loss on Sale of Equipment $$1,000$

Uncollectible Account Expense $$3,000$

Other Operating Expenses $$13,000$

Income Tax Expense $$5,000$

Total Expenses $77,000$

Net Income $$23,000$

Madden Company Balance Sheets

$.$ Dec $31,2017$ Dec $31,2016$

Cash $$9,000$ $$7,000$

Accounts Receivable $$18,000$ $$15,000$

Inventory $$39,000$ $$28,000$

Prepaid Expenses $$2,000$ $$4,000$

Capital Assets $$100,000$ $$75,000$

Accumulated Depreciation $($$$30,000)($$$21,000)$

Total Assets $$138,000$ $$108,000$

Accounts Payable $$4,600$ $$9,000$

Wages Payable $$2,400$ $$1,700$

Income Taxes Payable $$1,000$ $$1,300$

Bonds Payable $$20,0000$

Common Shares $$60,000$ $$60,000$

Retained Earnings $$50,000$ $$36,000$

Total L & S$/$E $$138,000$ $$108,000$

Cash Dividends of $$9,000$ were delcared and paid during $2017.$ Plant assets were purchased for cash of $$32,000,$ and at year$-$end bonds payable were issued for cash.

REQUIRED

Prepare a $2017$ Cash Flow Statement using the direct method.

Hint: Use a single line item 'paid to suppliers' for payment to suppliers, both in advance $($prepaid$)$ and in arrears $($accounts payable$).$