The following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$37,000			$20,500
Accounts receivable		32,300			18,800
Inventory		29,300			20,000
Equipment		59,700			77,300
Accumulated depreciationequipment		(29,100	)		(24,000	)
Total		$129,200			$112,600
Liabilities and Stockholders Equity
Accounts payable		$28,900			$ 16,700
Income taxes payable		7,200			8,500
Bonds payable		26,000			33,800
Common stock		17,000			13,400
Retained earnings		50,100			40,200
Total		$129,200			$112,600

NOSKER COMPANY Income Statement For the Year Ended December 31, 2017
Sales revenue		$241,100
Cost of goods sold		176,600
Gross profit		64,500
Operating expenses		24,100
Income from operations		40,400
Interest expense		3,400
Income before income taxes		37,000
Income tax expense		7,700
Net income		$29,300

Additional data:

1.		Dividends declared and paid were $19,400.
2.		During the year equipment was sold for $8,900 cash. This equipment cost $17,600 originally and had a book value of $8,700 at the time of sale.
3.		All depreciation expense, $13,800, is in the operating expenses.
4.		All sales and purchases are on account.

Further analysis reveals the following.

1.		Accounts payable pertain to merchandise suppliers.
2.		All operating expenses except for depreciation were paid in cash.

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