The following information is taken from French Corporation's financial statements:

		December 31
		2018			2017
Cash		$ 81,760			$ 30,240
Accounts receivable		114,240			89,600
Allowance for doubtful accounts		(5,040)			(3,472)
Inventory		173,600			196,000
Prepaid expenses		8,400			7,616
Land		112,000			67,200
Buildings		323,680			273,280
Accumulated depreciation		(35,840)			(14,560)
Patents		22,400			39,200
		$795,200			$685,104
Accounts payable		$ 100,800			$ 94,080
Accrued liabilities		60,480			70,560
Bonds payable		140,000			67,200
Common stock		112,000			112,000
Retained earningsappropriated		89,600			11,200
Retained earningsunappropriated		309,120			339,024
Treasury stock, at cost		(16,800)			(8,960)
		$795,200			$685,104

		For 2018 Year
Net income		$82,096
Depreciation expense		21,280
Amortization of patents		5,600
Cash dividends declared and paid		33,600
Gain or loss on sale of patents		none

Prepare a statement of cash flows for French Corporation for the year 2018. (Use the indirect method.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)