The following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$35,350			$19,150
Accounts receivable		32,100			19,750
Inventory		26,150			20,500
Equipment		59,150			77,600
Accumulated depreciationequipment		(29,450	)		(23,750	)
Total		$123,300			$113,250
Liabilities and Stockholders Equity
Accounts payable		$28,450			$ 16,100
Income taxes payable		7,350			8,350
Bonds payable		26,100			33,550
Common stock		18,050			14,450
Retained earnings		43,350			40,800
Total		$123,300			$113,250

NOSKER COMPANY Income Statement For the Year Ended December 31, 2020
Sales revenue		$242,950
Cost of goods sold		175,450
Gross profit		67,500
Operating expenses		23,950
Income from operations		43,550
Interest expense		2,300
Income before income taxes		41,250
Income tax expense		7,250
Net income		$34,000

Additional data:

1.		Dividends declared and paid were $31,450.
2.		During the year, equipment was sold for $7,900 cash. This equipment cost $18,450 originally and had a book value of $7,900 at the time of sale.
3.		All depreciation expense, $16,250, is in the operating expenses.
4.		All sales and purchases are on account.

(a)

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

NOSKER COMPANY Statement of Cash Flows