Text Tech reported the following on its 2015 income statement. Using the income statement and the balance sheet given below, prepare the statement of cash flows using the indirect method. For simplicity, ignore the required disclosures for cash flows associated with interest paid and received, dividends paid and received and income taxes as well as any non-cash disclosures that may have occurred in the current year. Please make sure your final answer(s) are accurate to 2 decimal places.

Analysis of accounts:

1. Issued bonds, received $18,000 cash.
2. Bought HTM investment in EastCo common shares for $18,500 cash.
3. Purchased equipment, and settled in cash.
4. Purchased additional highly liquid HFT investment, $12,500 cash. Note: This company's HFT investments are not subject to a significant amount of risk and are considered a cash equivalent.
5. Paid cash dividends.
6. Retired common shares, 750 shares at $8 cash per share.
7. Changes in other balance sheet accounts resulted from usual transactions and events.

Balance Sheet
As of December 31, 2015	2015	2014
Cash	24500	20000
Investments (held for trading)	33500	21000
Accounts receivable, net	120000	109500
Inventory	68000	78500
HTM investments	43000	24500
Property, plant, equipment, net	153500	165000
Copyright, net	40000	50500
Total assets	482500	469000
Accounts payable	83000	73500
Salaries payable	98500	103500
Unearned revenue	23500	14000
Bonds payable	136500	118500
Common shares	31000	37000
Retained earnings	110000	122500
Total liabilities and shareholders' equity	482500	469000

INCOME STATEMENT
Sales		466000
OPERATING EXPENSES Cost of goods sold	233000
Depreciation expense	19000
Interest expense	7110
Amortization expense	10500
Other operating expenses	101800	371410
Net income		94590