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		$267,090		$247,310
Accounts receivable (net)		96,760		88,820
Inventories		273,120		262,990
Investments		0		101,880
Land		140,100		0
Equipment		301,360		232,510
Accumulated depreciationequipment		(70,550)		(62,700)
	Total assets	$1,007,880		$870,810
Liabilities and Stockholders' Equity
Accounts payable		$182,430		$171,550
Accrued expenses payable		18,140		22,640
Dividends payable		10,080		7,840
Common stock, $10 par		54,430		42,670
Paid-in capital: Excess of issue price over par-common stock		204,600		118,430
Retained earnings		538,200		507,680
	Total liabilities and stockholders equity	$1,007,880		$870,810

Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The investments were sold for $91,690 cash.

The common stock was issued for cash.

There was a $71,450 credit to Retained Earnings for net income.

There was a $40,930 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 out flows, 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		$