The comparative balance sheet of Amelia Enterprises, Inc. at December 31, 2014 and 2013, is as follows:

		Dec. 31, 2014		Dec. 31, 2013
Assets
Cash		$81,420		$100,190
Accounts receivable (net)		125,110		135,070
Merchandise inventory		178,720		167,420
Prepaid expenses		7,280		5,070
Equipment		364,070		299,950
Accumulated depreciation-equipment		(94,660)		(73,560)
	Total	$661,940		$634,140
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$139,010		$132,540
Mortgage note payable		0		190,240
Common stock, $1 par		21,000		13,000
Paid-in capital in excess of par-common stock		315,000		179,000
Retained earnings		186,930		119,360
	Total	$661,940		$634,140

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2014 are as follows:

Net income, $172,980.

Depreciation reported on the income statement, $46,000.

Equipment was purchased at a cost of $89,020, and fully depreciated equipment costing $24,900 was discarded, with no salvage realized.

The mortgage note payable was not due until 2016, but the terms permitted earlier payment without penalty.

8,000 shares of common stock were issued at $18 for cash.

Cash dividends declared and paid, $105,410.

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required