The following are the financial statements of Oriole Company.

ORIOLE COMPANY Balance Sheet December 31
Assets		2021			2020
Cash		$40,280			$21,200
Accounts receivable		31,800			14,840
Inventory		28,620			21,200
Equipment		63,600			82,680
Accumulated depreciationequipment		(30,740	)		(25,440	)
Total		$133,560			$114,480
Liabilities and Shareholders Equity
Accounts payable		$25,440			$15,900
Income taxes payable		7,420			8,480
Notes payable		28,620			34,980
Common shares		19,080			14,840
Retained earnings		53,000			40,280
Total		$133,560			$114,480

ORIOLE COMPANY Income Statement For the Year Ended December 31, 2021
Sales		$256,520
Cost of goods sold		185,500
Gross profit		71,020
Operating expenses		25,440
Income from operations		45,580
Interest expense		3,180
Income before income taxes		42,400
Income tax expense		8,480
Profit		$33,920

Additional Information:
1.		Dividends declared and paid were $21,200. Oriole reports under ASPE.
2.		During the year, equipment was sold for $9,010 cash. This equipment cost $19,080 originally and had a carrying value of $9,010 at the time of sale.
3.		All depreciation expense, $15,370, 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).)