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		$296,780		$278,940
Accounts receivable (net)		107,510		100,180
Inventories		303,510		296,620
Investments		0		114,920
Land		155,670		0
Equipment		334,860		262,240
Accumulated depreciationequipment		(78,400)		(70,720)
	Total assets	$1,119,930		$982,180
Liabilities and Stockholders' Equity
Accounts payable		$202,710		$193,490
Accrued expenses payable		20,160		25,540
Dividends payable		11,200		8,840
Common stock, $10 par		60,480		48,130
Paid-in capital: Excess of issue price over par-common stock		227,350		133,580
Retained earnings		598,030		572,600
	Total liabilities and stockholders equity	$1,119,930		$982,180

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 $103,430 cash.
4. The common stock was issued for cash.
5. There was a $71,590 credit to Retained Earnings for net income.
6. There was a $46,160 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		$