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		$234,060		$218,980
Accounts receivable (net)		84,790		78,650
Inventories		239,360		232,860
Investments		0		90,220
Land		122,770		0
Equipment		264,090		205,880
Accumulated depreciationequipment		(61,830)		(55,520)
	Total assets	$883,240		$771,070
Liabilities and Stockholders' Equity
Accounts payable		$159,870		$151,900
Accrued expenses payable		15,900		20,050
Dividends payable		8,830		6,940
Common stock, $10 par		47,690		37,780
Paid-in capital: Excess of issue price over par-common stock		179,300		104,870
Retained earnings		471,650		449,530
	Total liabilities and stockholders equity	$883,240		$771,070

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 $81,200 cash.
4. The common stock was issued for cash.
5. There was a $58,360 credit to Retained Earnings for net income.
6. There was a $36,240 debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from 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 operating activities:
	$
Adjustments to reconcile net income to net cash flow from operating activities:
Changes in current operating assets and liabilities:
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		$