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		$253,640		$237,300
Accounts receivable (net)		91,880		85,230
Inventories		259,380		252,340
Investments		0		97,760
Land		133,040		0
Equipment		286,180		223,100
Accumulated depreciationequipment		(67,000)		(60,160)
Total assets		$957,120

Liabilities and Stockholders' Equity

Accounts payable		$173,240		$164,610
Accrued expenses payable		17,230		21,720
Dividends payable		9,570		7,520
Common stock, $10 par		51,680		40,940
Excess of paid-in capital over par		194,300		113,640
Retained earnings		511,100		487,140
Total liabilities and stockholders' equity		$957,120		$835,570

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 $87,980 cash.
4. The common stock was issued for cash.
5. There was a $63,230 credit to Retained Earnings for net income.
6. There was a $39,270 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