1. 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		$300,740		$278,470
   Accounts receivable (net)		108,950		100,010
   Inventories		307,540		296,120
   Investments		0		114,720
   Land		157,750		0
   Equipment		339,320		261,800
   Accumulated depreciationequipment		(79,440)		(70,600)
   	Total assets	$1,134,860		$980,520
   Liabilities and Stockholders' Equity
   Accounts payable		$205,410		$193,160
   Accrued expenses payable		20,430		25,490
   Dividends payable		11,350		8,820
   Common stock, $10 par		61,280		48,050
   Paid-in capital: Excess of issue price over par-common stock		230,380		133,350
   Retained earnings		606,010		571,650
   	Total liabilities and stockholders equity	$1,134,860		$980,520

   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 $103,250 cash.
   4. The common stock was issued for cash.
   5. There was a $80,440 credit to Retained Earnings for net income.
   6. There was a $46,080 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		$