Dec. 31, 20Y3		Dec. 31, 20Y2
Assets
Cash		$269,150		$248,070
Accounts receivable (net)		97,500		89,090
Inventories		275,250		263,780
Investments		0		102,200
Land		141,180		0
Equipment		303,680		233,220
Accumulated depreciationequipment		(71,100)		(62,890)
	Total assets	$1,015,660		$873,470
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$183,830		$172,070
Accrued expenses payable (operating expenses)		18,280		22,710
Dividends payable		10,160		7,860
Common stock, $10 par		54,850		42,800
Paid-in capital: Excess of issue price over par-common stock		206,180		118,790
Retained earnings		542,360		509,240
	Total liabilities and stockholders equity	$1,015,660		$873,470

Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows:

The investments were sold for $119,570 cash.

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $74,170 credit to Retained Earnings for net income.

There was a $41,050 debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.