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		$227,130		$209,820
Accounts receivable (net)		82,280		75,360
Inventories		232,270		223,110
Investments		0		86,440
Land		119,130		0
Equipment		256,270		197,260
Accumulated depreciationequipment		(60,000)		(53,190)
Total assets		$857,080		$738,800
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$155,130		$145,540
Accrued expenses payable (operating expenses)		15,430		19,210
Dividends payable		8,570		6,650
Common stock, $10 par		46,280		36,200
Paid-in capital in excess of parcommon stock		173,990		100,480
Retained earnings		457,680		430,720
Total liabilities and stockholders equity		$857,080		$738,800

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 $101,130 cash.
4. The common stock was issued for cash.
5. There was a $61,680 credit to Retained Earnings for net income.
6. There was a $34,720 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		$fill in the blank 31