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		$277,310		$257,670
Accounts receivable (net)		100,460		92,540
Inventories		283,590		274,000
Investments		0		106,150
Land		145,460		0
Equipment		312,890		242,240
Accumulated depreciationequipment		(73,250)		(65,320)
	Total assets	$1,046,460		$907,280
Liabilities and Stockholders' Equity
Accounts payable		$189,410		$178,730
Accrued expenses payable		18,840		23,590
Dividends payable		10,460		8,170
Common stock, $10 par		56,510		44,460
Paid-in capital: Excess of issue price over par-common stock		212,430		123,390
Retained earnings		558,810		528,940
	Total liabilities and stockholders equity	$1,046,460		$907,280

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 $95,540 cash.
4. The common stock was issued for cash.
5. There was a $72,510 credit to Retained Earnings for net income.
6. There was a $42,640 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		$