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		$288,430		$271,090
Accounts receivable (net)		104,490		97,360
Inventories		294,960		288,280
Investments		0		111,680
Land		151,290		0
Equipment		325,430		254,860
Accumulated depreciationequipment		(76,190)		(68,730)
	Total assets	$1,088,410		$954,540
Liabilities and Stockholders' Equity
Accounts payable		$197,000		$188,040
Accrued expenses payable		19,590		24,820
Dividends payable		10,880		8,590
Common stock, $10 par		58,770		46,770
Paid-in capital: Excess of issue price over par-common stock		220,950		129,820
Retained earnings		581,220		556,500
	Total liabilities and stockholders equity	$1,088,410		$954,540

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 $100,510 cash.
4. The common stock was issued for cash.
5. There was a $69,580 credit to Retained Earnings for net income.
6. There was a $44,860 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		$