The following financial statements and additional information are reported.

IKIBAN INC. Comparative Balance Sheets June 30, 2015 and 2014
	2015				2014
Assets
Cash	$	100,400			$	50,800
Accounts receivable, net		69,500				51,600
Inventory		66,000				96,700
Prepaid expenses		5,400				4,500
Equipment		131,200				120,000
Accum. depreciationEquipment		(28,900	)			(10,900	)
Total assets	$	343,600			$	312,700
Liabilities and Equity
Accounts payable	$	26,500			$	32,200
Wages payable		7,600				16,900
Income taxes payable		2,500				3,700
Notes payable (long term)		50,000				71,000
Common stock, $5 par value		232,000				181,000
Retained earnings		25,000				7,900
Total liabilities and equity	$	343,600			$	312,700

IKIBAN INC. Income Statement For Year Ended June 30, 2015
Sales				$	671,000
Cost of goods sold					408,000
Gross profit					263,000
Operating expenses
Depreciation expense	$	58,300
Other expenses		66,300
Total operating expenses					124,600
					138,400
Other gains (losses)
Gain on sale of equipment					2,100
Income before taxes					140,500
Income taxes expense					56,200
Net income				$	84,300

Additional Information

a.	A $21,000 note payable is retired at its $21,000 carrying (book) value in exchange for cash.
b.	The only changes affecting retained earnings are net income and cash dividends paid.
c.	New equipment is acquired for $60,600 cash.
d.	Received cash for the sale of equipment that had cost $49,400, yielding a $2,100 gain.
e.	Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
f.	All purchases and sales of merchandise inventory are on credit.

Using the direct method, prepare the statement of cash flows for the year ended June 30, 2015. (Amounts to be deducted should be indicated with a minus sign.)