The comparative balance sheet of Coulson, Inc. at December 31, 20Y2 and 20Y1, is as follows:

Line Item Description	December 31, 20Y2	December 31, 20Y1
Assets
Cash	$300,600	$337,800
Accounts receivable (net)	704,400	609,600
Inventories	918,600	865,800
Prepaid expenses	18,600	26,400
Land	990,000	1,386,000
Buildings	1,980,000	990,000
Accumulated depreciationbuildings	(397,200)	(366,000)
Equipment	660,600	529,800
Accumulated depreciationequipment	(133,200)	(162,000)
Total assets	$5,042,400	$4,217,400
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$594,000	$631,200
Income taxes payable	26,400	21,600
Bonds payable	330,000	0
Common stock, $20 par	320,000	180,000
Paid-in capital in excess of parcommon stock	950,000	810,000
Retained earnings	2,822,000	2,574,600
Total liabilities and stockholders' equity	$5,042,400	$4,217,400

The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows:

ACCOUNT Land ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance			1,386,000
April 20	Realized $456,000 cash from sale		396,000	990,000

ACCOUNT Buildings ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance			990,000
April 20	Acquired for cash	990,000		1,980,000

ACCOUNT Accumulated DepreciationBuildings ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance				366,000
December 31	Depreciation for year		31,200		397,200

ACCOUNT Equipment ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance			529,800
January 26	Discarded, no salvage		66,000	463,800
August 11	Purchased for cash	196,800		660,600

ACCOUNT Accumulated DepreciationEquipment ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance				162,000
January 26	Equipment discarded	66,000			96,000
December 31	Depreciation for year		37,200		133,200

ACCOUNT Bonds Payable ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
May 1	Issued 20-year bonds		330,000		330,000

ACCOUNT Common Stock, $20 par ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance				180,000
December 7	Issued 7,000 shares of common stock for $40 per share		140,000		320,000

ACCOUNT Paid-in Capital in Excess of ParCommon Stock ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
May 1	Balance				810,000
December 7	Issued 7,000 shares of common stock for $40 per share		140,000		950,000

ACCOUNT Retained Earnings ACCOUNT NO.

Date	Item	Debit	Credit	Balance Debit	Balance Credit
20Y2
January 1	Balance				2,574,600
December 31	Net income		326,600		2,901,200
December 31	Cash dividends	79,200			2,822,000

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