Alford Company and its 80 percentowned subsidiary, Knight, have the following income statements for 2021:

	Alford				Knight
Revenues	$	(500,000	)		$	(230,000	)
Cost of goods sold		300,000				140,000
Depreciation and amortization		40,000				10,000
Other expenses		20,000				20,000
Gain on sale of equipment		(30,000	)			0
Equity in earnings of Knight		(36,200	)			0
Net income	$	(206,200	)		$	(60,000	)

Additional Information for 2021

• Intra-entity inventory transfers during the year amounted to $90,000. All intra-entity transfers were downstream from Alford to Knight.
• Intra-entity gross profits in inventory at January 1 were $6,000, but at December 31, they are $9,000.
• Annual excess amortization expense resulting from the acquisition is $11,000.
• Knight paid dividends totaling $20,000.
• The noncontrolling interest's share of the subsidiary's income is $9,800.
• During the year, consolidated inventory rose by $11,000 while accounts receivable and accounts payable declined by $8,000 and $6,000, respectively.

Using either the direct or indirect method, compute net cash flows from operating activities during the period for the business combination.

Net cash flows from operating activities