The following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$34,850			$20,350
Accounts receivable		32,850			18,050
Inventory		26,300			20,000
Equipment		59,750			77,150
Accumulated depreciationequipment		(29,600	)		(23,100	)
Total		$124,150			$112,450
Liabilities and Stockholders Equity
Accounts payable		$28,750			$ 16,400
Income taxes payable		7,300			8,200
Bonds payable		27,900			32,900
Common stock		18,800			13,350
Retained earnings		41,400			41,600
Total		$124,150			$112,450

NOSKER COMPANY Income Statement For the Year Ended December 31, 2020
Sales revenue		$241,550
Cost of goods sold		176,050
Gross profit		65,500
Operating expenses		23,450
Income from operations		42,050
Interest expense		2,650
Income before income taxes		39,400
Income tax expense		7,150
Net income		$32,250

Additional data:

1.		Dividends declared and paid were $32,450.
2.		During the year, equipment was sold for $8,300 cash. This equipment cost $17,400 originally and had a book value of $8,300 at the time of sale.
3.		All depreciation expense, $15,600, is in the operating expenses.
4.		All sales and purchases are on account.

(a)

Prepare a statement of cash flows using the indirect method.