The comparative balance sheet of Al Seeb Inc. at the beginning and end of the year 2007 appear below.

Al Seeb Inc. Balance sheets
Assets	Dec.31.2007	Jan.1.2007	Increase/Decrease
Cash	$45,000	$ 13,000	$32,000 Increase
Account Receivable	91,000	88,000	3,000 Increase
Equipment	39,000	22,000	17,000 Increase
Less: accumulated depreciation	(17,000)	(11,000)	6,000 Increase
Total	$158,000	$112,000
Libilities and Stochholders Equity
Account payable	$20,000	$15,000	5,000 Increase
Common Stock	100,000	80,000	20,000 Increase
Retained Earning	38,000	17,000	21,000 Increase
Total	$158,000	$112,000

Net income of $44,000 was reported, and dividends of $23,000 were paid in 2007. New equipment was purchased and none was sold.

Instruction: prepare a statement of cash flows for the year 2007.