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		$77,240		$94,550
Accounts receivable (net)		118,680		127,460
Merchandise inventory		169,530		157,990
Prepaid expenses		6,910		4,790
Equipment		345,360		283,050
Accumulated depreciation-equipment		(89,790)		(69,420)
	Total assets	$627,930		$598,420
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$131,870		$125,070
Mortgage note payable		0		179,530
Common stock, $1 par		21,000		13,000
Paid-in capital: Excess of issue price over par-common stock		305,000		169,000
Retained earnings		170,060		111,820
	Total liabilities and stockholders equity	$627,930		$598,420

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, $149,090.
2. Depreciation reported on the income statement, $43,860.
3. Equipment was purchased at a cost of $85,800, and fully depreciated equipment costing $23,490 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, $90,850.

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.