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		$271,730		$251,020
Accounts receivable (net)		98,440		90,160
Inventories		277,880		266,930
Investments		0		103,420
Land		142,530		0
Equipment		306,590		236,000
Accumulated depreciationequipment		(71,780)		(63,640)
Total assets		$1,025,390		$883,890
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$185,600		$174,130
Accrued expenses payable (operating expenses)		18,460		22,980
Dividends payable		10,250		7,960
Common stock, $10 par		55,370		43,310
Paid-in capital in excess of parcommon stock		208,150		120,210
Retained earnings		547,560		515,300
Total liabilities and stockholders equity		$1,025,390		$883,890

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 $121,000 cash.
4. The common stock was issued for cash.
5. There was a $73,800 credit to Retained Earnings for net income.
6. There was a $41,540 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:
	$fill in the blank 2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank 4
	fill in the blank 6
Changes in current operating assets and liabilities:
	fill in the blank 8
	fill in the blank 10
	fill in the blank 12
	fill in the blank 14
Net cash flow from operating activities		$fill in the blank 15
Cash flows from (used for) investing activities:
	$fill in the blank 17
	fill in the blank 19
	fill in the blank 21
Net cash flow used for investing activities		fill in the blank 22
Cash flows from (used for) financing activities:
	$fill in the blank 24
	fill in the blank 26
Net cash flow from financing activities		fill in the blank 27
		$fill in the blank 29
Cash balance, January 1, 20Y9		fill in the blank 30
Cash balance, December 31, 20Y9