The following information was taken from the records of Romora Supply House. Prepare a statement of cash flows (direct method) for the period ending December 31, 2018. Assume that all transactions involve cash.

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2018 2017 $ 5,000 $12,000 Cash Noncash operating assets 18,000 23,000 Nonoperating assets 27,000 23,000 Operating liabilities 7,000 2,000 Nonoperating liabilities 6,000 8,000 Common stock 35,000 32,000 Retained earnings 9,000 9,000 Sales revenues 64,000 Operating expenses 61,000 Dividends 3,000