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		$244,570		$229,080
Accounts receivable (net)		88,600		82,280
Inventories		250,110		243,600
Investments		0		94,370
Land		128,280		0
Equipment		275,950		215,370
Accumulated depreciationequipment		(64,600)		(58,080)
	Total assets	$922,910		$806,620
Liabilities and Stockholders' Equity
Accounts payable		$167,050		$158,900
Accrued expenses payable		16,610		20,970
Dividends payable		9,230		7,260
Common stock, $10 par		49,840		39,520
Paid-in capital: Excess of issue price over par-common stock		187,350		109,700
Retained earnings		492,830		470,270
	Total liabilities and stockholders equity	$922,910		$806,620

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 $84,930 cash.

The common stock was issued for cash.

There was a $60,470 credit to Retained Earnings for net income.

There was a $37,910 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 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 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		$