The income statement for Piura Merchandising Corporation is as follows:

Piura Merchandising Corporation
Income Statement
At December 31, 2015
Sales		$ 1,450,000
Less: Cost of goods sold
Beginning inventory	$ 445,000
Purchases	785,000
Ending inventory	(305,000)
		(925,000)
Less: Depreciation expense		(68,000)
Less: Amortization of patent		(16,000)
Less: Wages expense		(66,000)
Less: Insurance expense		(37,000)
Income before taxes		$ 338,000
Less: Income taxes (all current)		(108,000)
Net income		$ 295,000

Other information is as follows:

A.	Accounts payable decreased by $18,000 during the year.
B.	Accounts receivable increased by $18,000.
C.	All wages were paid at the beginning of the year; at the end of the year, wages payable had a balance of $14,000.
D.	Prepaid insurance increased by $22,000 during the year.

Prepare a schedule that provides the operating cash flows for the year using the indirect method.