Vanmetre Corporations balance sheet and income statement appear below:

Comparative Balance Sheet

	2015		2014
Assets:
Cash and cash equivalents	$ 31		$ 29
Accounts receivable	61		73
Inventory	59		61
Plant and equipment	684		550
Accumulated depreciation	(349	)	(319	)
Total assets	$ 486		$ 394
Liabilities and stockholders' equity
Accounts payable	$ 53		$ 54
Accrued liabilities	72		69
Bonds payable	203		190
Common Stock	61		60
Retained earnings	97		21
Total liabilities and shareholders' equity	$ 486		$ 394

Income Statement for 2015

1. Cash dividends were $28.
2. The company sold equipment for $48 that was originally purchased for $54 and that had accumulated depreciation of $22.

REQUIRED: Prepare a statement of cash flows for the year ended December 31, 2015 using the indirect method.