The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:

		Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Cash		$81,010		$98,850
Accounts receivable (net)		124,470		133,260
Merchandise inventory		177,820		165,180
Prepaid expenses		7,240		5,010
Equipment		362,220		295,930
Accumulated depreciation-equipment		(94,180)		(72,580)
	Total assets	$658,580		$625,650
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$138,300		$130,760
Mortgage note payable		0		187,700
Common stock, $1 par		21,000		13,000
Excess of paid-in capital over par		312,000		176,000
Retained earnings		187,280		118,190
	Total liabilities and stockholders equity	$658,580		$625,650

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows:

Net income, $176,870.

Depreciation reported on the income statement, $46,160.

Equipment was purchased at a cost of $90,850, and fully depreciated equipment costing $24,560 was discarded, with no salvage realized.

The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.

8,000 shares of common stock were issued at $18 for cash.

Cash dividends declared and paid, $107,780.

Required:

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.

Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8

Cash flows from (used for) operating activities:	blank
Common stockDepreciation expenseInventoryNet incomeRetained earnings	$- Select -
Adjustments to reconcile net income to net cash flows from (used for) operating activities:	blank
Cash dividendsDecrease in accounts receivableDepreciationNet incomeRetained earnings	- Select -
Changes in current operating assets and liabilities:	blank
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoryDepreciationIncrease in accounts receivable	- Select -
Decrease in accounts payableDecrease in merchandise inventoryDecrease in prepaid expensesIncrease in accounts receivableIncrease in merchandise inventory	- Select -
Decrease in accounts payableDecrease in inventoryDecrease in prepaid expensesIncrease in prepaid expensesDepreciation	- Select -
Decrease in accounts payableDecrease in prepaid expensesDepreciationIncrease in accounts payableNet income	- Select -
Net cash flows from operating activities	blank	$fill in the blank 13
Cash flows from (used for) investing activities:	blank
Cash received from issuing common stockCash paid for equipmentCash dividendsCash paid for prepaid expensesCash paid to retire mortgage note	$- Select -
Net cash flows used for investing activities	blank	fill in the blank 16
Cash flows from (used for) financing activities:	blank
Cash received from customersCash received from depreciationCash received from net incomeCash received from retained earningsCash received from issuing common stock	$- Select -
Cash paid for accounts payableCash dividendsCash paid for equipmentCash paid for inventoryCash paid for prepaid expenses	- Select -
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for depreciationCash paid for inventoriesCash paid to retire mortgage note payable	- Select -
Net cash flows from financing activities	blank	fill in the blank 23
DepreciationNet decrease in cashNet incomeNet increase in cashNet loss	blank	$- Select -
Cash balance, January 1, 20Y8	blank	fill in the blank 26
Cash balance, December 31, 20Y8	blank	$fill in the blank 27