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		$223,890		$208,270
Accounts receivable (net)		81,110		74,800
Inventories		228,950		221,480
Investments		0		85,800
Land		117,440		0
Equipment		252,620		195,800
Accumulated depreciationequipment		(59,140)		(52,800)
Total assets		$844,870		$733,350
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$152,920		$144,470
Accrued expenses payable (operating expenses)		15,210		19,070
Dividends payable		8,450		6,600
Common stock, $10 par		45,620		35,930
Paid-in capital in excess of parcommon stock		171,510		99,740
Retained earnings		451,160		427,540
Total liabilities and stockholders equity		$844,870		$733,350

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 $100,390 cash.
4. The common stock was issued for cash.
5. There was a $58,090 credit to Retained Earnings for net income.
6. There was a $34,470 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 (used for) operating activities:
Net income	$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
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 balance, January 1, 20Y9
Cash balance, December 31, 20Y9		$