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		$269,920		$254,270
Accounts receivable (net)		97,780		91,320
Inventories		276,040		270,400
Investments		0		104,750
Land		141,580		0
Equipment		304,560		239,050
Accumulated depreciationequipment		(71,300)		(64,460)
	Total assets	$1,018,580		$895,330
Liabilities and Stockholders' Equity
Accounts payable		$184,360		$176,380
Accrued expenses payable		18,330		23,280
Dividends payable		10,190		8,060
Common stock, $10 par		55,000		43,870
Paid-in capital: Excess of issue price over par-common stock		206,770		121,760
Retained earnings		543,930		521,980
	Total liabilities and stockholders equity	$1,018,580		$895,330

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 $94,280 cash.
4. The common stock was issued for cash.
5. There was a $64,030 credit to Retained Earnings for net income.
6. There was a $42,080 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		$