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

Line Item Description December 31, 20Y8 December 31, 20Y7 Assets Cash $54,680 $67,290 Accounts receivable (net) 84,020 90,710 Inventories 120,030 112,430 Prepaid expenses 4,890 3,410 Equipment 244,500 201,440 Accumulated depreciation-equipment (63,570) (49,400) Total assets $444,550 $425,880 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $93,360 $89,010 Mortgage note payable 0 127,760 Common stock, $1 par 14,000 9,000 Paid-in capital in excess of par-common stock 205,000 120,000 Retained earnings 132,190 80,110 Total liabilities and stockholders equity $444,550 $425,880 Additional data obtained from the income statement

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, $133,320.
2. Depreciation reported on the income statement, $30,890.
3. Equipment was purchased at a cost of $59,780 and fully depreciated equipment costing $16,720 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. 5,000 shares of common stock were issued at $18 for cash.
6. Cash dividends declared and paid, $81,240.

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.