Sandhill Shoes’ comparative balance sheet is presented below. Sandhill reports under ASPE.

SANDHILL SHOES Balance Sheet December 31
		2017			2016
Cash		$32,712			$20,532
Accounts receivable		28,072			25,868
Long-term investments		26,680			18,560
Equipment		69,600			81,200
Accumulated depreciation—equipment		(16,240	)		(11,600	)
Total		$140,824			$134,560
Accounts payable		$22,736			$12,876
Notes payable		11,600			34,800
Common shares		69,600			52,200
Retained earnings		36,888			34,684
Total		$140,824			$134,560

Additional Information:
1.		Profit was $32,828. Dividends declared and paid were $30,624.
2.		Equipment that cost $11,600 and had accumulated depreciation of $1,392 was sold for $4,988.
3.		All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2017 using the indirect method.