The comparative balance sheet of Yellow Dog Enterprises Inc. at December $31,20$Y$8$ and $20$Y$7,$ is as follows:

$1$

Dec. $31,20$Y$8$

Dec. $31,20$Y$7$

$2$

Assets

$3$

Cash

$$95,000\mathrm{.}00$

$$110,000\mathrm{.}00$

$4$

Accounts receivable $($net$)$

$260,000\mathrm{.}00$

$280,000\mathrm{.}00$

$5$

Inventories

$520,000\mathrm{.}00$

$450,000\mathrm{.}00$

$6$

Prepaid expenses

$15,000\mathrm{.}00$

$5,000\mathrm{.}00$

$7$

Equipment

$1,130,000\mathrm{.}00$

$800,000\mathrm{.}00$

$8$

Accumulated depreciation$-$equipment

$(235,000\mathrm{.}00)$

$(190,000\mathrm{.}00)$

$9$

Total assets

$$1,785,000\mathrm{.}00$

$$1,455,000\mathrm{.}00$

$10$

Liabilities and Stockholders$$ Equity

$11$

Accounts payable $($merchandise creditors$)$

$$100,000\mathrm{.}00$

$$75,000\mathrm{.}00$

$12$

Mortgage note payable

$0\mathrm{.}00$

$500,000\mathrm{.}00$

$13$

Common stock, $$10$ par

$500,000\mathrm{.}00$

$200,000\mathrm{.}00$

$14$

Paid$-$in capital in excess of par$$common stock

$400,000\mathrm{.}00$

$100,000\mathrm{.}00$

$15$

Retained earnings

$785,000\mathrm{.}00$

$580,000\mathrm{.}00$

$16$

Total liabilities and stockholders$$ equity

$$1,785,000\mathrm{.}00$

$$1,455,000\mathrm{.}00$

Additional data obtained from the income statement and from an examination of the accounts in the ledger for $20$Y$8$ are as follows:

a$.$ Net income, $$250,000.$

b$.$ Depreciation reported on the income statement, $$135,000.$

c$.$ Equipment was purchased at a cost of $$420,000$ and fully depreciated equipment costing $$90,000$ was discarded, with no salvage realized.

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

e$.30,000$ shares of common stock were issued at $$20$ for cash.

f$.$ Cash dividends declared and paid, $$45,000.$

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used for$)$ operating activities.