In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on sale of equipment: $14,000 Net Income: $145,000 Proceeds from the sale of equipment: $126,000 Repayment of outstanding bonds: $87,000 Increase in merchandise inventory: $62,000 Issuance of common stock: $96,000 Purchase of land: $115,000 Increase in accounts receivable during the year: $43,000 Decrease in accounts payable during the year: $75,000 Depreciation Expense: $35,000 Net cash flows from operating activities for the year were: