Preparing statement of cash flows---indirect method

McKnight Exercise Equipment, Inc.

Income Statement

Year ended December 31, 2015

Sales revenue		$714,00
Cost of goods sold		347,000
Gross profit		367,000
Operating expense
Depreciation expense	$52,000
Other operating expense	205,000
Total operating expense		257,000
Net income		$110,000

Prepare the companys statement of cash flows---indirect method---for the year ended December 31, 2015.