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

VAUGHN INC. BALANCE SHEETS
		Dec. 31, 2017		Jan. 1, 2017		Inc./Dec.
Assets
Cash		$ 47,100		$ 15,100		$32,000	Inc.
Accounts receivable		95,620		90,520		5,100	Inc.
Equipment		43,620		24,520		19,100	Inc.
Less: Accumulated Depreciation-Equipment		21,620		11,000		10,620	Inc.
Total		$164,720		$119,140
Liabilities and Stockholders Equity
Accounts payable		$ 24,620		$ 17,520		7,100	Inc.
Common stock		102,100		82,520		19,580	Inc.
Retained earnings		38,000		19,100		18,900	Inc.
Total		$164,720		$119,140

Net income of $48,620 was reported, and dividends of $29,720 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).)