Statement of Cash Flows

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:

		Dec. 31, 20Y9		Dec. 31, 20Y8
Assets
Cash		$306,660		$288,220
Accounts receivable (net)		111,090		103,520
Inventories		313,600		306,480
Investments		0		118,740
Land		160,850		0
Equipment		346,000		270,970
Accumulated depreciationequipment		(81,000)		(73,070)
Total assets		$1,157,200		$1,014,860
Liabilities and Stockholders' Equity
Accounts payable		$209,450		$199,930
Accrued expenses payable		20,830		26,390
Dividends payable		11,570		9,130
Common stock, $10 par		62,490		49,730
Excess of paid-in capital over par		234,910		138,020
Retained earnings		617,950		591,660
Total liabilities and stockholders' equity		$1,157,200		$1,014,860

Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

1. Equipment and land were acquired for cash.
2. There were no disposals of equipment during the year.
3. The investments were sold for $106,870 cash.
4. The common stock was issued for cash.
5. There was a $73,990 credit to Retained Earnings for net income.
6. There was a $47,700 debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Merrick Equipment Co.
Statement of Cash Flows
For the Year Ended December 31, 20Y9
Cash flows from (used for) operating activities:
	$fill in the blank 2
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
	fill in the blank 4
	fill in the blank 6
Changes in current operating assets and liabilities:
	fill in the blank 8
	fill in the blank 10
	fill in the blank 12
	fill in the blank 14
Net cash flows from operating activities		$fill in the blank 15
Cash flows from (used for) investing activities:
	$fill in the blank 17
	fill in the blank 19
	fill in the blank 21
Net cash flows used for investing activities		fill in the blank 22
Cash flows from (used for) financing activities:
	$fill in the blank 24
	fill in the blank 26
Net cash flows from financing activities		fill in the blank 27
		$fill in the blank 29
Cash balance, January 1, 20Y9		fill in the blank 30
Cash balance, December 31, 20Y9		$fill in the blank 31