A comparative balance sheet for Lomax Company containing data for the last two years is as follows:

Lomax Company Comparative Balance Sheet
	This Year		Last Year
Assets
Current assets:
Cash and cash equivalents	$	80,000	$	57,200
Accounts receivable		608,000		632,500
Inventory		618,800		429,000
Prepaid expenses		17,200		9,500
Total current assets		1,324,000		1,128,200
Property, plant, and equipment		2,415,000		1,836,000
Less accumulated depreciation		625,800		568,100
Net property, plant, and equipment		1,789,200		1,267,900
Long-term investments		98,900		157,000
Loans to subsidiaries		129,000		74,500
Total assets	$	3,341,100	$	2,627,600
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	884,400	$	579,000
Accrued liabilities		30,400		50,100
Income taxes payable		144,700		125,200
Total current liabilities		1,059,500		754,300
Bonds payable		665,000		427,000
Total liabilities		1,724,500		1,181,300
Stockholders equity:
Common stock		1,108,000		1,009,000
Retained earnings		508,600		437,300
Total stockholders equity		1,616,600		1,446,300
Total liabilities and stockholders' equity	$	3,341,100	$	2,627,600

The following additional information is available about the companys activities during this year:

1. The company declared and paid a cash dividend this year.

2. Bonds with a principal balance of $389,000 were repaid during this year.

3. Equipment was sold during this year for $74,500. The equipment had cost $148,000 and had $50,800 in accumulated depreciation on the date of sale.

4. Long-term investments were sold during the year for $128,000. These investments had cost $58,100 when purchased several years ago.

5. The subsidiaries did not repay any outstanding loans during the year.

6. Lomax did not repurchase any of its own stock during the year.

The company reported net income this year as follows:

Sales					$	3,180,000
Cost of goods sold						1,971,600
Gross margin						1,208,400
Selling and administrative expenses						977,700
Net operating income						230,700
Nonoperating items:
Gain on sale of investments	$	69,900
Loss on sale of equipment		(22,700	)			47,200
Income before taxes						277,900
Income taxes						89,000
Net income					$	188,900

Required:

Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.)