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

		Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Cash		$88,250		$107,920
Accounts receivable (net)		135,610		145,490
Merchandise inventory		193,720		180,330
Prepaid expenses		7,890		5,460
Equipment		394,620		323,080
Accumulated depreciation-equipment		(102,600)		(79,230)
	Total assets	$717,490		$683,050
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$150,670		$142,760
Mortgage note payable		0		204,920
Common stock, $1 par		22,000		14,000
Paid-in capital: Excess of issue price over par-common stock		329,000		193,000
Retained earnings		215,820		128,370
	Total liabilities and stockholders equity	$717,490		$683,050

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

1. Net income, $223,870.
2. Depreciation reported on the income statement, $50,190.
3. Equipment was purchased at a cost of $98,360, and fully depreciated equipment costing $26,820 was discarded, with no salvage realized.
4. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.
5. 8,000 shares of common stock were issued at $18 for cash.
6. Cash dividends declared and paid, $136,420.

Required:

Prepare a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows For the Year Ended December 31, 2048 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 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 used for financing activities Cash at the beginning of the year Cash at the end of the year