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		$223,540		$209,380
Accounts receivable (net)		80,980		75,200
Inventories		228,620		222,660
Investments		0		86,260
Land		117,250		0
Equipment		252,220		196,850
Accumulated depreciationequipment		(59,050)		(53,080)
	Total assets	$843,560		$737,270
Liabilities and Stockholders' Equity
Accounts payable		$152,680		$145,240
Accrued expenses payable		15,180		19,170
Dividends payable		8,440		6,640
Common stock, $10 par		45,550		36,130
Paid-in capital: Excess of issue price over par-common stock		171,240		100,270
Retained earnings		450,470		429,820
	Total liabilities and stockholders equity	$843,560		$737,270

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 $77,630 cash.
4. The common stock was issued for cash.
5. There was a $55,300 credit to Retained Earnings for net income.
6. There was a $34,650 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		$