Sunnyvale Corporation prepared the following balance sheet data for 2015 and 2014:

	Dec.31, 2015	Dec.31, 2014
Cash and cash equivalents	518,500	675,000
Accounts receivable	360,000	345,000
Merchandise inventory	750,000	654,000
Prepaid insurance	4,500	6,000
Buildings and equipment	5,515,500	4,350,000
Accumulated depreciation - buildings and equipment	(2,235,000)	(1,995,000)
Total Assets	4,913,500	4,035,000
Accounts payable	613,500	945,000
Salaries payable	75,000	105,000
Notes payable - bank (current)	150,000	600,000
Notes payable - bank (long term)	1,500,000	------------
Common stock	2,400,000	2,400,000
Retained earnings (deficit)	175,000	(15,000)
Total liabilities and stockholders' equity	4,913,500	4,035,000

Cash needed to purchase new equipment and to improve the company's working capital position was raised by borrowing from the bank with a long-term note. Equipment costing $75,000 with a book value of $15,000 was sold for $18,000; the gain on the sale was included in net income. The company paid cash dividends of $90,000 and reported earnings of $280,000 for 2015. There were no entries in the retained earnings account other than to record the dividends and net income for the year.

Prepare a statement of cash flows for 2015 using the indirect method.