The comparative balance sheets of Madrasah Corporation at the beginning and end of the year 2014 appear below.

MADRASAH CORPORATION BALANCE SHEETS
		Dec. 31, 2014			Jan. 1, 2014			Inc./Dec.
Assets
Cash		$21,987			$14,031			$7,956	Inc.
Accounts receivable		107,987			89,031			18,956	Inc.
Equipment		40,987			23,031			17,956	Inc.
Less: Accumulated Depreciation-Equipment		(17,000	)		(11,000	)		6,000	Inc.
Total		$153,961			$115,093
Liabilities and Stockholders Equity
Accounts payable		$21,987			$16,031			5,956	Inc.
Common stock		101,987			81,031			20,956	Inc.
Retained earnings		29,987			18,031			11,956	Inc.
Total		$153,961			$115,093

Net income of $45,987 was reported, and dividends of $34,031 were paid in 2014. New equipment was purchased and none was sold.

Prepare a statement of cash flows for the year 2014.