The income statement and additional data of Robinson & Company follow:

Robinson & Company
Income Statement
For the Year Ended December 31, 2006

Revenue:
Sales....................................$229,000
Expenses:
Cost of Goods Sold..$103,000
Salary Expense.......... 45,000
Depreciation Expense..29,000
Advertising Expense.....4,000
Total Expenses.....................181,000
Net Income..........................$48,000


From the balance sheet:
......................................................2006........... 2005
Cash............................................34000...........20000
Accounts Receivable....................43000...........58000
Inventory.....................................83000...........77000
Prepaid Expenses.........................9000.............8000
Accounts Payable.........................35000...........22000
Accrued Liabilities.........................13000...........21000



Prepare the operating section of Robinson & Company's statement of cash flows for the year ended December 31, 2006.