1. 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		$229,710		$214,170
   Accounts receivable (net)		83,210		76,920
   Inventories		234,910		227,760
   Investments		0		88,230
   Land		120,490		0
   Equipment		259,180		201,350
   Accumulated depreciationequipment		(60,680)		(54,300)
   	Total assets	$866,820		$754,130
   Liabilities and Stockholders' Equity
   Accounts payable		$156,890		$148,560
   Accrued expenses payable		15,600		19,610
   Dividends payable		8,670		6,790
   Common stock, $10 par		46,810		36,950
   Paid-in capital: Excess of issue price over par-common stock		175,960		102,560
   Retained earnings		462,890		439,660
   	Total liabilities and stockholders equity	$866,820		$754,130

   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 $79,410 cash.
   4. The common stock was issued for cash.
   5. There was a $58,670 credit to Retained Earnings for net income.
   6. There was a $35,440 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		$