Presented below are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2014			2013
Cash		$35,350			$20,540
Accounts receivable		32,030			19,280
Inventory		26,330			20,170
Equipment		59,700			77,740
Accumulated depreciationequipment		(29,170	)		(23,220	)
Total		$124,240			$114,510
Liabilities and Stockholders Equity
Accounts payable		$28,500			$ 16,570
Income taxes payable		7,360			8,400
Bonds payable		27,750			32,280
Common stock		18,490			14,690
Retained earnings		42,140			42,570
Total		$124,240			$114,510

NOSKER COMPANY Income Statement For the Year Ended December 31, 2014
Sales revenue		$241,740
Cost of goods sold		176,380
Gross profit		65,360
Operating expenses		24,550
Income from operations		40,810
Interest expense		2,370
Income before income taxes		38,440
Income tax expense		8,140
Net income		$30,300

Additional data:

1.		Dividends declared and paid were $30,730.
2.		During the year equipment was sold for $7,800 cash. This equipment cost $18,040 originally and had a book value of $7,800 at the time of sale.
3.		All depreciation expense, $16,190, is in the operating expenses.
4.		All sales and purchases are on account.

Further analysis reveals the following.

1.		Accounts payable pertain to merchandise suppliers.
2.		All operating expenses except for depreciation were paid in cash.

Prepare a statement of cash flows for Nosker Company using the direct method.