The Apex Motor Company documented the following information related to their 2015 financial performance. Create a Statement of Cash Flows from the information provided.

• The company Board of Directors declared a cash dividend of $42,500, the 15^th year in a row that dividends have increased.
• The company experienced an increase in net income of 6.5% and ended the year with $180,360 in Net Income.
• The company purchased more capital equipment during the year: one machine cost $28,000 and the other machine cost $38,750.
• Depreciation on machines and equipment was $30,000
• Changes in Working Capital were $32,500
• Short-term borrowing was $30,000.