The net changes in the balance sheet accounts of Keating Corporation for the year 2015 are shown below.

Account		Debit		Credit
Cash		$ 83,520
Short-term investments				$140,360
Accounts receivable		96,512
Allowance for doubtful accounts				15,428
Inventory		86,072
Prepaid expenses				26,448
Investment in subsidiary (equity method)				29,000
Plant and equipment		255,200
Accumulated depreciation				150,800
Accounts payable		93,612
Accrued liabilities				24,940
Deferred tax liability		17,980
8% serial bonds				81,200
Common stock, $10 par				104,400
Additional paid-in capital				174,000
Retained earnings-Appropriation for bonded indebtedness		69,600
Retained earnings-Unappropriated		44,080
		$746,576		$746,576

An analysis of the Retained Earnings-Unappropriated account follows:
Retained earnings unappropriated, December 31, 2014					$1,508,000
Add:	Net income				379,320
	Transfer from appropriation for bonded indebtedness				69,600
	Total				$1,956,920
Deduct:	Cash dividends		$214,600
	Stock dividend		278,400		493,000
Retained earnings unappropriated, December 31, 2015					$1,463,920

1.		On January 2, 2015 short-term investments (classified as available-for-sale) costing $140,360 were sold for $179,800.
2.		The company paid a cash dividend on February 1, 2015.
3.		Accounts receivable of $18,792 and $22,504 were considered uncollectible and written off in 2015 and 2014, respectively.
4.		Major repairs of $38,280 to the equipment were debited to the Accumulated Depreciation account during the year. No assets were retired during 2015.
5.		The wholly owned subsidiary reported a net loss for the year of $23,200. The loss was recorded by the parent.
6.		At January 1, 2015, the cash balance was $192,560.

Prepare a statement of cash flows (indirect method) for the year ended December 31, 2015. Keating Corporation has no securities which are classified as cash equivalents. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Keating Corporation Statement of Cash Flows For the Year Ended December 31, 2015 Increase (Decrease) in Cash