Statement of Cash FlowsIndirect Method

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		$239,910		$225,750
Accounts receivable (net)		86,910		81,080
Inventories		245,350		240,050
Investments		0		93,000
Land		125,840		0
Equipment		270,690		212,230
Accumulated depreciationequipment		(63,370)		(57,230)
	Total assets	$905,330		$794,880
Liabilities and Stockholders' Equity
Accounts payable		$163,860		$156,590
Accrued expenses payable		16,300		20,670
Dividends payable		9,050		7,150
Common stock, $10 par		48,890		38,950
Paid-in capital: Excess of issue price over par-common stock		183,780		108,100
Retained earnings		483,450		463,420
	Total liabilities and stockholders equity	$905,330		$794,880

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

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The investments were sold for $83,700 cash.

The common stock was issued for cash.

There was a $57,390 credit to Retained Earnings for net income.

There was a $37,360 debit to Retained Earnings for cash dividends declared.

Required: Prepare a statement of cash fows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, 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 operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilitles: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year