Joyner Companys income statement for Year 2 follows:

Sales	$	717,000
Cost of goods sold		203,000
Gross margin		514,000
Selling and administrative expenses		217,000
Net operating income		297,000
Gain on sale of equipment		7,000
Income before taxes		304,000
Income taxes		91,200
Net income	$	212,800

Its balance sheet amounts at the end of Years 1 and 2 are as follows:

	Year 2		Year 1
Assets
Cash	$	129,600	$	90,100
Accounts receivable		274,000		133,000
Inventory		319,000		281,000
Prepaid expenses		8,500		17,000
Total current assets		731,100		521,100
Property, plant, and equipment		634,000		500,000
Less accumulated depreciation		166,000		131,100
Net property, plant, and equipment		468,000		368,900
Loan to Hymans Company		47,000		0
Total assets	$	1,246,100	$	890,000
Liabilities and Stockholders' Equity
Accounts payable	$	318,000	$	267,000
Accrued liabilities		44,000		57,000
Income taxes payable		84,600		81,000
Total current liabilities		446,600		405,000
Bonds payable		195,000		111,000
Total liabilities		641,600		516,000
Common stock		331,000		279,000
Retained earnings		273,500		95,000
Total stockholders' equity		604,500		374,000
Total liabilities and stockholders' equity	$	1,246,100	$	890,000

Equipment that had cost $31,400 and on which there was accumulated depreciation of $11,900 was sold during Year 2 for $26,500. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock.

Required:
1.	Using the indirect method, compute the net cash for operating activities for Year 2. (Negative amount should be indicated by a minus sign.)

2.	Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.)