The Dakota Corporation prepared, for 2014 and 2013, the following balance sheet data:

	2014	2013
Cash	$87,375	63,750
Available-for-sale securities (not cash equivalents)	17,250	105,000
Accounts receivable	90,000	86,250
Merchandise inventory	187,500	163,500
Prepaid insurance	1,125	1,500
Land, buildings, and equipment	1,378,875	1,087,500
Accumulated depreciation	(558,750)	(498,750)
Total	$1,203,375	1,008,750
Accounts payable	153,375	236,250
Salaries payable	18,750	26,250
Notes payable-bank (CURRENT)	37,500	150,000
Bonds payable	375,000	0
Common stock	6,000,000	6,000,000
Retained earnings (deficit)	18,750	(3,750)
Total	1,203,375	1,008,750

Additional Information:

- Sold available-for-sale securities (not cash equivalents) costing $87,750 for $90,000.

- Equipment costing $18,750 with a book value of $ 3,750 was sold for $4,500.

- Issued 8% bonds payable at par, $375,000.

- Purchased new equipment for cash, $310,125.

- Paid cash dividends of $22,500 during the year.

- Net income for 2014 was $45,000.

- Proceeds from the notes payable were used for operating purposes.

Prepare a cash flow statement for Dakota Corporation for 2014, using the indirect method. Calculate the Cash Flow to Net Income and the Cash Flow Adequacy ratios.