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 $298,870 $280,260 Accounts receivable (net) 108,270 100,660 Inventories 305,640 298,020 Investments 0 115,460 Land 156,760 0 Equipment 337,210 263,480 Accumulated depreciation-equipment (78,950) (71,050) Total assets $1,127,800 $986,830 Liabilities and Stockholders' Equity Accounts payable $204,130 $194,410 Accrued expenses payable 20,300 25,660 Dividends payable 11,280 8,880 Common stock, $10 par 60,900 48,350 Paid-in capital: Excess of issue price over par-common stock 228,940 134,210 Retained earnings 602,250 575,320 Total liabilities and stockholders equity $1,127,800 $986,830 The income statement for the year ended December 31, 20Y6, is as follows: Sales $1,615,720 Cost of merchandise sold 665,300 Gross profit $950,420 Operating expenses: Depreciation expense $7,900 Other operating expenses 839,100 Total operating expenses 847,000 Operating income $103,420 Other expense: Loss on sale of investments (31,170) Income before income tax $72,250 Income tax expense 23,120 Net income 49,130 Additional data obtained from an examination of the accounts in the ledger for 20Y6 are as follows: Equipment and land were acquired for cash. There were no disposals of equipment during the year. The investments were sold for $84,290 cash. The common stock was issued for cash. There was a $22,200 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 out flows, 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 $