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

INDIGO INC. BALANCE SHEETS
		Dec. 31, 2017		Jan. 1, 2017		Inc./Dec.
Assets
Cash		$ 48,060		$ 16,060		$32,000	Inc.
Accounts receivable		95,240		89,180		6,060	Inc.
Equipment		43,240		23,180		20,060	Inc.
Less: Accumulated Depreciation-Equipment		21,240		11,000		10,240	Inc.
Total		$165,300		$117,420
Liabilities and Stockholders Equity
Accounts payable		$ 24,240		$ 16,180		8,060	Inc.
Common stock		103,060		81,180		21,880	Inc.
Retained earnings		38,000		20,060		17,940	Inc.
Total		$165,300		$117,420

Net income of $48,240 was reported, and dividends of $30,300 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).)