The comparative balance sheets of Champ Inc. at the beginning and the end of the year 2017 are as follows.

CHAMP INC. BALANCE SHEETS
		Dec. 31, 2017		Jan. 1, 2017		Inc./Dec.
Assets
Cash		$ 45,330		$ 13,330		$32,000	Inc.
Accounts receivable		94,070		90,740		3,330	Inc.
Equipment		42,070		24,740		17,330	Inc.
Less: Accumulated Depreciation-Equipment		20,070		11,000		9,070	Inc.
Total		$161,400		$117,810
Liabilities and Stockholders Equity
Accounts payable		$ 23,070		$ 17,740		5,330	Inc.
Common stock		100,330		82,740		17,590	Inc.
Retained earnings		38,000		17,330		20,670	Inc.
Total		$161,400		$117,810

Net income of $47,070 was reported, and dividends of $26,400 were paid in 2017. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)