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) )

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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

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).)