Messner Co. reported $142,610 of net income for 2010. The accountant, in preparing the statement of cash flows, noted several items occurring during 2010 that might affect cash flows from operating activities. These items are listed below. 1.Messner purchased 110 shares of treasury stock at a cost of $21 per share. These shares were then resold at $28 per share. 2.Messner sold 110 shares of IBM common at $220 per share. The acquisition cost of these shares was $160 per share. This investment was shown on Messner's December 31, 2009, balance sheet as an available-for-sale security. 3.Messner revised its estimate for bad debts. Before 2010, Messner's bad debt expense was 1% of its net sales. In 2010, this percentage was increased to 2%. Net sales for 2010 were $508,500, and net accounts receivable decreased by $11,230 during 2010. 4.Messner issued 500 shares of its $13 par common stock for a patent. The market value of the shares on the date of the transaction was $24 per share. 5.Depreciation expense is $37,100. 6.Messner Co. holds 30% of the Sanchez Company's common stock as a long-term investment. Sanchez Company reported $28,370 of net income for 2010. 7.Sanchez Company paid a total of $2,100 of cash dividends to all investees in 2010. 8.Messner declared a 10% stock dividend. One thousand shares of $13 par common stock were distributed. The market price at date of issuance was $18 per share. Instructions Complete a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than those listed above affected the computation of 2010 net cash flow from operating activities. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1.) Cash flows from operating activities Net Income __________ Adjustments to reconcile net income to net cash provided by operating activities: __________ __________ __________ __________ __________ __________ __________ __________ __________ __________ _________ Net cash by operating activities $