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		$309,700		$287,430
Accounts receivable (net)		112,190		103,230
Inventories		316,720		305,660
Investments		0		118,410
Land		162,450		0
Equipment		349,440		270,230
Accumulated depreciationequipment		(81,810)		(72,870)
	Total assets	$1,168,690		$1,012,090
Liabilities and Stockholders' Equity
Accounts payable		$211,530		$199,380
Accrued expenses payable		21,040		26,310
Dividends payable		11,690		9,110
Common stock, $10 par		63,110		49,590
Paid-in capital: Excess of issue price over par-common stock		237,240		137,640
Retained earnings		624,080		590,060
	Total liabilities and stockholders equity	$1,168,690		$1,012,090

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 $106,570 cash.
4. The common stock was issued for cash.
5. There was a $81,590 credit to Retained Earnings for net income.
6. There was a $47,570 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:
	$fill in the blank 2
Adjustments to reconcile net income to net cash flow from 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 flow 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 flow 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 flow from financing activities		fill in the blank 27
		$fill in the blank 29
Cash at the beginning of the year		fill in the blank 30
Cash at the end of the year		$fill in the blank 31