The post-closing trial balance at December 31, 2015 and 2014, single-step income statement for 2015, and additional information for Millen Inc. are below.

Post-Closing Trial balance, Dec. 31
	2015				2014
	Debit		Credit		Debit		Credit
Cash and cash equivalents	153,000				168,000
Accounts receivable	513,430				385,000
Inventory	104,440				166,000
Interest receivable	10,000				10,000
Prepaid insurance	4,000				5,000
Land	400,000				500,000
Equipment	450,000				450,000
Machinery	425,000				0
Accumulated Depreciation			100,000				50,000
Accounts Payable			200,500				130,000
Other payables (utilities etc.)			12,000				15,000
Unearned revenue			8,500				6,000
Interest Payable			20,000				15,000
Notes payable			100,000				400,000
Bond Payable			200,000				0
Common Stock			1,250,000				1,000,000
Retained earnings			168,870				68,000
	2,059,870		2,059,870		1,684,000		1,684,000

Income Statement Year Ended December 31, 2015
Sales revenue	13,000,000
Interest Revenue	26,700
Total revenue	13,026,700
Cost of goods sold	12,350,000
Selling and admin expense	326,395
Depreciation expense	50,000
Interest expense	25,250
Loss on disposal of land	52,755
Income tax expense	88,920
Total expenses & loss	12,893,320
Net income	133,380

Additional information:

During 2015 Millen issued new notes payable totaling $95,000.

Required: prepare a statement of cash flows for the year ended December 31, 2015. For the operating cash flow, use the indirect method.