Ayayai Co$.$ reported $$144,600$ of net income for $2025.$ The accountant, in preparing the statement of cash flows, noted the following

items occurring during $2025$ that might affect cash flows from operating activities.

Ayayai purchased $100$ shares of treasury stock at a cost of $$20$ per share. These shares were then resold at $$25$ per share.

Ayayai sold $100$ shares of IBM common at $$200$ per share. The acquisition cost of these shares was $$150$ per share. There

were no unrealized gains or losses recorded on this investment in $2025.$

Ayayai revised its estimate for bad debts. Before $2025,$ Ayayai's bad debt expense was $1\%$ of its receivables. In $2025,$ this

percentage was increased to $2\%.$ Net accounts receivable decreased by $$11,000$ during $2025.$

Ayayai issued $500$ shares of its $$10$ par common stock for a patent. The market price of the shares on the date of the

transaction was $$23$ per share.

Depreciation expense is $$38,300.$

Ayayai Co$.$ holds $40\%$ of the Nirvana Company's common stock as a long$-$term investment. Nirvana Company reported

$$25,100$ of net income for $2025.$

Nirvana Company paid a total of $$1,800$ of cash dividends to all investees in $2025.$

Ayayai declared a $10\%$ stock dividend. One thousand shares of $$10$ par common stock were distributed. The market price at

date of issuance was $$20$ per share.

Prepare a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than

those listed above affected the computation of $2025$ net cash flow from operating activities. $($Show amounts that decrease cash flow with a $-)$