Based on the following information, determine the net increase (decrease) in cash Net Cash Flows (Direct Method) for Porter Corporation for the year ended December 31, 2000. Use the direct method to report cash flows from operating activities.

Cash received from interest revenue ..... $\$ 14,000$

Cash paid for dividends ..... 45,000 Cash collected from customers ..... 349,000 Cash paid for wages ..... 254,000 Depreciation expense for the period ..... 25,000 Cash received from issuance of common stock ..... 200,000 Cash paid for retirement of bonds at par ..... 100,000 Cash received on sale of equipment at book value ..... 5,000 Cash paid for land ..... 85,000