The comparative balance sheet of Ranger Equipment Co. for December 31, 20Y5, and 20Y4 is as follows:

	Dec. 31, 20Y5	Dec. 31, 20Y4
Assets
Cash	$ 75,720	$ 47,940
Account receivable (net)	207,230	188,190
Inventories	298,520	289,850
Investments	0	102,000
Land	295,800	0
Equipment	438,600	358,020
Accumulated depreciation - equipment	(99,110)	(84,320)
Total assets	$1,216,760	$ 901,680

Liabilities and Stockholders Equity
Accounts payable (merchandise creditors)	$ 205,700	$ 194,140
Accrued expenses payable (operating expenses)	30,600	26,860
Dividends payable	25,500	20,400
Common Stock, $1 par	202,000	102,000
Paid-in capital in excess of par-common stock	354,000	204,000
Retained earnings	398,960	354,280
Total liabilities and stockholders equity	$1,216,760	$ 901,680

Additional data obtained from an examination of the accounts in the ledger for 20Y5 are as follows:

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The investments were sold for $91,800 cash.

The common stock was issued for cash.

There was a $151,680 credit to Retained Earnings for net income.

There was a $107,000 debit to Retained Earnings for cash dividends declared.

Prepare in the proper format a Statement of Cash Flows using the Indirect Method of presenting cash flows from (used for) operating activities