The following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$ 37,100			$ 21,000
Accounts receivable		32,600			18,900
Inventory		29,900			20,900
Equipment		59,200			77,400
Accumulated depreciationequipment		(29,900	)		(23,600	)
Total		$128,900			$114,600
Liabilities and Stockholders Equity
Accounts payable		$ 28,000			$ 16,700
Income taxes payable		7,500			8,500
Bonds payable		27,700			33,300
Common stock		18,300			14,400
Retained earnings		47,400			41,700
Total		$128,900			$114,600

NOSKER COMPANY Income Statement For the Year Ended December 31, 2017
Sales revenue		$242,500
Cost of goods sold		176,900
Gross profit		65,600
Operating expenses		24,000
Income from operations		41,600
Interest expense		3,100
Income before income taxes		38,500
Income tax expense		8,800
Net income		$ 29,700

Additional data:

1.		Dividends declared and paid were $24,000.
2.		During the year equipment was sold for $9,800 cash. This equipment cost $18,200 originally and had a book value of $8,400 at the time of sale.
3.		All depreciation expense, $14,700, is in the operating expenses.
4.		All sales and purchases are on account.

Prepare a statement of cash flows using the indirect method.