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		$269,720		$253,210
Accounts receivable (net)		97,710		90,940
Inventories		275,830		269,260
Investments		0		104,320
Land		141,470		0
Equipment		304,320		238,050
Accumulated depreciationequipment		(71,250)		(64,190)
	Total assets	$1,017,800		$891,590
Liabilities and Stockholders' Equity
Accounts payable		$184,220		$175,640
Accrued expenses payable		18,320		23,180
Dividends payable		10,180		8,020
Common stock, $10 par		54,960		43,690
Paid-in capital: Excess of issue price over par-common stock		206,610		121,260
Retained earnings		543,510		519,800
	Total liabilities and stockholders equity	$1,017,800		$891,590

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 $93,890 cash.
4. The common stock was issued for cash.
5. There was a $65,610 credit to Retained Earnings for net income.
6. There was a $41,900 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		$