Joyner Companys income statement for Year 2 follows:

Sales	$	702,000
Cost of goods sold		67,000
Gross margin		635,000
Selling and administrative expenses		217,000
Net operating income		418,000
Gain on sale of equipment		10,000
Income before taxes		428,000
Income taxes		171,200
Net income	$	256,800

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

	Year 2		Year 1
Assets
Cash	$	190,800	$	72,500
Accounts receivable		272,000		144,000
Inventory		320,000		272,000
Prepaid expenses		8,500		17,000
Total current assets		791,300		505,500
Property, plant, and equipment		624,000		506,000
Less accumulated depreciation		165,500		130,400
Net property, plant, and equipment		458,500		375,600
Loan to Hymans Company		41,000		0
Total assets	$	1,290,800	$	881,100
Liabilities and Stockholders' Equity
Accounts payable	$	310,000	$	262,000
Accrued liabilities		49,000		55,000
Income taxes payable		85,400		81,100
Total current liabilities		444,400		398,100
Bonds payable		193,000		118,000
Total liabilities		637,400		516,100
Common stock		337,000		271,000
Retained earnings		316,400		94,000
Total stockholders' equity		653,400		365,000
Total liabilities and stockholders' equity	$	1,290,800	$	881,100

Equipment that had cost $31,300 and on which there was accumulated depreciation of $11,400 was sold during Year 2 for $29,900. 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.)