A comparative balance sheet for Lomax Company containing data for the last two years is as follows:

Lomax Company Comparative Balance Sheet
	This Year	Last Year
Assets
Current assets:
Cash and cash equivalents	$ 97,000	$ 70,800
Accounts receivable	642,000	675,000
Inventory	639,200	446,000
Prepaid expenses	30,800	18,000
Total current assets	1,409,000	1,209,800
Property, plant, and equipment	2,500,000	1,904,000
Less accumulated depreciation	646,200	583,400
Net property, plant, and equipment	1,853,800	1,320,600
Long-term investments	134,600	208,000
Loans to subsidiaries	146,000	83,000
Total assets	$ 3,543,400	$ 2,821,400
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$ 911,600	$ 596,000
Accrued liabilities	40,600	65,400
Income taxes payable	166,800	138,800
Total current liabilities	1,119,000	800,200
Bonds payable	750,000	478,000
Total liabilities	1,869,000	1,278,200
Stockholders equity:
Common stock	1,142,000	1,026,000
Retained earnings	532,400	517,200
Total stockholders equity	1,674,400	1,543,200
Total liabilities and stockholders' equity	$ 3,543,400	$ 2,821,400

The following additional information is available about the companys activities during this year:

1. The company declared and paid a cash dividend this year.

Bonds with a principal balance of $406,000 were repaid during this year.

Equipment was sold during this year for $83,000. The equipment had cost $182,000 and had $71,200 in accumulated depreciation on the date of sale.

Long-term investments were sold during the year for $162,000. These investments had cost $73,400 when purchased several years ago.

The subsidiaries did not repay any outstanding loans during the year.

Lomax did not repurchase any of its own stock during the year.

The company reported net income this year as follows:

Sales		$ 3,520,000
Cost of goods sold		2,182,400
Gross margin		1,337,600
Selling and administrative expenses		1,067,800
Net operating income		269,800
Nonoperating items:
Gain on sale of investments	$ 88,600
Loss on sale of equipment	(27,800)	60,800
Income before taxes		330,600
Income taxes		106,000
Net income		$ 224,600

Required:

Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.)