The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows:

		Dec. 31, 20Y6		Dec. 31, 20Y5
Assets
Cash		$231,550		$214,160
Accounts receivable (net)		83,880		76,920
Inventories		236,790		227,710
Investments		0		88,230
Land		121,460		0
Equipment		261,260		201,340
Accumulated depreciation-equipment		(61,160)		(54,290)
	Total assets	$873,780		$754,070
Liabilities and Stockholders' Equity
Accounts payable		$158,150		$148,550
Accrued expenses payable		15,730		19,610
Dividends payable		8,740		6,790
Common stock, $10 par		47,180		36,950
Paid-in capital: Excess of issue price over par-common stock		177,380		102,550
Retained earnings		466,600		439,620
	Total liabilities and stockholders equity	$873,780		$754,070

The income statement for the year ended December 31, 20Y6, is as follows:

Sales					$1,382,600
Cost of merchandise sold					569,300
Gross profit					$813,300
Operating expenses:
	Depreciation expense		$6,870
	Other operating expenses		717,930
		Total operating expenses			724,800
Operating income					$88,500
Other expense:
		Loss on sale of investments			(23,820)
Income before income tax					$64,680
Income tax expense					20,700
Net income					$43,980

Additional data obtained from an examination of the accounts in the ledger for 20Y6 are as follows:

1. Equipment and land were acquired for cash.
2. There were no disposals of equipment during the year.
3. The investments were sold for $64,410 cash.
4. The common stock was issued for cash.
5. There was a $17,000 debit to Retained Earnings for cash dividends declared.

Required:

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

Canace Products Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y6
Cash flows from operating activities:
	$
Net cash flow from operating activities		$
Cash flows from (used for) investing activities:
	$
Net cash flow used for investing activities
Cash flows from (used for) financing activities:
	$
Net cash flow from financing activities
		$
Cash at the beginning of the year
Cash at the end of the year		$