The following information is taken from the accounting records of the Gilford Corporation.

	Dec. 31, 20X4				Dec. 31, 20X3
Cash	$	95,250			$	85,550
Accounts Receivable (Net)		100,600				80,450
Merchandise Inventory		90,500				83,450
Prepaid Expenses		12,300				7,200
Plant and Equipment		307,000				245,000
Accumulated Depreciation		(55,200	)			(40,250	)
	$	550,450			$	461,400
Notes Payable	$	20,200			$	25,100
Accounts Payable		50,150				44,100
Payroll Taxes Payable		12,100				10,050
Estimated Income Taxes Payable		15,400				11,050
8% Bonds Payable 2024		111,000				95,500
Common Stock		255,500				205,000
Retained Earnings		86,100				70,600
	$	550,450			$	461,400

Additional information:
(a)	Plant construction costing $41,000 in cash was completed.
(b)	Equipment was purchased for $21,000 in cash.
(c)	Common stock was sold for $50,500 in cash.
(d)	Bonds were issued for $15,500 in cash.
(e)	Common stock dividends of $20,500 were paid in cash.
(f)	Net income after income taxes was $36,000.

Use this information to prepare Gilford's statement of cash flows for the year ended December 31, 20X4. (Amounts to be deducted should be indicated with a minus sign.)