Statement of cash flowsindirect method

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:

Line Item Description	December 31, 20Y9	December 31, 20Y8
Assets
Cash	$257,450	$238,660
Accounts receivable (net)	93,260	85,720
Inventories	263,280	253,790
Investments	0	98,320
Land	135,040	0
Equipment	290,480	224,370
Accumulated depreciationequipment	(68,010)	(60,510)
Total assets	$971,500	$840,350
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$175,840	$165,550
Accrued expenses payable (operating expenses)	17,490	21,850
Dividends payable	9,720	7,560
Common stock, $10 par	52,460	41,180
Paid-in capital in excess of parcommon stock	197,210	114,290
Retained earnings	518,780	489,920
Total liabilities and stockholders' equity	$971,500	$840,350

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 $115,030 cash.
4. The common stock was issued for cash.
5. There was a $68,360 credit to Retained Earnings for net income.
6. There was a $39,500 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 activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

For the Year Ended December 31, 20Y9 Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile 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 fiows from (used for) financing activities