The comparative balance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2, is as follows:

	Dec. 31, 20Y3			Dec. 31, 20Y2
Assets
Cash	$ 236,040			$ 222,090
Accounts receivable (net)	86,320			79,190
Inventories	243,280			233,920
Investments	0			91,020
Land	124,700			0
Equipment	265,870			209,350
Accumulated depreciation-equipment	(63,200)			(56,400)
Total assets	$893,010			$779,170
Liabilities and Stockholders' Equity
Accounts payable	$ 161,180			$ 153,500
Accrued expenses payable	16,210			20,260
Dividends payable	8,800			7,000
Common stock, $1 par	47,600			36,620
Excess of paid-in capital over par	181,200			105,970
Retained earnings	478,020			455,820
Total liabilities and stockholders equity	$893,010			$779,170

The income statement for the year ended December 31, 20Y3, is as follows:

Sales		$1,501,830
Cost of merchandise sold		923,630
Gross profit		$ 578,200
Operating expenses:
Depreciation expense	$ 6,800
Other operating expenses	489,600
Total operating expenses		496,400
Operating income		$ 81,800
Other income:
Gain on sale of investments		15,200
Income before income tax		$ 97,000
Income tax expense		38,800
Net income		$ 58,200

Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows:

1. The investments were sold for $106,220 cash.
2. Equipment and land were acquired for cash.
3. There were no disposals of equipment during the year.
4. The common stock was issued for cash.
5. There was a $36,000 debit to Retained Earnings for cash dividends declared.

Required:

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

Navaria Inc. Statement of Cash Flows For the Year Ended December 31, 20Y3

Cash flows from (used for) operating activities:
Cash received from customers	$
Cash paid for merchandise
Cash paid for operating expenses
Cash paid for income taxes
Net cash flows from operating activities		$fill in the blank 9
Cash flows from (used for) investing activities:
Cash received from sale of investments	$
Cash paid for purchase of land
Cash paid for purchase of equipment
Net cash flows used for investing activities		fill in the blank 16
Cash flows from (used for) financing activities:
Cash received from issuing common stock	$
Cash dividends	$
Net cash flows from financing activities		fill in the blank 21
Net increase in cash		$ fill in the blank
Cash balance, January 1, 20Y3		fill in the blank 24
Cash balance, December 31, 20Y3		$fill in the blank 25