Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: December 31, 20Y9 Cash Accounts receivable (net) Inventories Investments Land Assets Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity $224,940 81,490 230,030 0 117,990 253,800 (59,420) $848,830 $153,640 15,280 8,490 45,840 172,310 453,270 $848,830 December 31, 20Y8 $211,900 76,100 225,330 87,300 0 199,210 (53,720) $746,120 $146,990 19,400 6,720 36,560 101,470 434,980 $746,120 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows: Adjustments to reconcle net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20Y9 Cash balance, December 31, 20r9 Additional data obtained from an examination of the accounts in the ledger for 20Yg are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $102,140 cash. d. The common stock was issued for cash. e. There was a $53,360 credit to Retained Earnings for net income. f. There was a $35,070 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activites. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments