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

		December 31
		2015			2014
Cash		$ 87,600			$ 32,400
Accounts receivable		122,400			96,000
Allowance for doubtful accounts		(5,400)			(3,720)
Inventory		186,000			210,000
Prepaid expenses		9,000			8,160
Land		120,000			72,000
Buildings		346,800			292,800
Accumulated depreciation		(38,400)			(15,600)
Patents		24,000			42,000
		$852,000			$734,040
Accounts payable		$ 108,000			$ 100,800
Accrued liabilities		64,800			75,600
Bonds payable		150,000			72,000
Common stock		120,000			120,000
Retained earningsappropriated		96,000			12,000
Retained earningsunappropriated		331,200			363,240
Treasury stock, at cost		(18,000)			(9,600)
		$852,000			$734,040

		For 2015 Year
Net income		$87,960
Depreciation expense		22,800
Amortization of patents		6,000
Cash dividends declared and paid		36,000
Gain or loss on sale of patents		none

Prepare a statement of cash flows for French Corporation for the year 2015. (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).)