Satu Company, a merchandiser, recently completed its 2016 operations. For the year,
(1) All sales are credit sales,
(2) All credits to Accounts Receivable reflect cash receipts from customers,
(3) All purchases of inventory are on credit,
(4) All debits to Accounts Payable reflect cash payments for inventory,
(5) Other Expenses are cash expenses, and
(6) Any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company's income statement and balance sheets follow.
SATU COMPANY
Comparative Balance Sheets
December 31, 2016 and 2015

SATU COMPANY
Income Statement
For Year Ended December 31, 2016
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $750,800
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . 269,200
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . 481,600
Operating expenses
Depreciation expense . . . . . . . . . $ 15,700
Other expenses . . . . . . . . . . . . . . 173,933 . . . 189,633
Income before taxes . . . . . . . . . . . . . . . . . . . . . 291,967
Income taxes expense . . . . . . . . . . . . . . . . . . . . 89,200
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . $202,767
Additional Information on Year 2016 Transactions
a. Purchased equipment for $30,250 cash.
b. Issued 3,000 shares of common stock for $21 cash per share.
c. Declared and paid $60,000 of cash dividends.
Required
Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the indirect method?

20162015 Assets 25.860 Accounts Total current assets 20.222 78,972 54,260 165,667 140,320 107,750 Nies 77,500 Liabilities and Equity 20,372 $157,530 2,100 6,100 22,472 163,630 Total current liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, 40,000 25,000 common stock Retained earnings lexal lulilii:YV 2aul esgu'iy 68,000 20,000 32,450 $305,689 $241,080 175,217 SMPAM. SAI.OED