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		$296,610		$277,190
Accounts receivable (net)		107,450		99,550
Inventories		303,330		294,760
Investments		0		114,190
Land		155,580		0
Equipment		334,670		260,600
Accumulated depreciationequipment		(78,350)		(70,270)
	Total assets	$1,119,290		$976,020
Liabilities and Stockholders' Equity
Accounts payable		$202,590		$192,280
Accrued expenses payable		20,150		25,380
Dividends payable		11,190		8,780
Common stock, $10 par		60,440		47,820
Paid-in capital: Excess of issue price over par-common stock		227,220		132,740
Retained earnings		597,700		569,020
	Total liabilities and stockholders equity	$1,119,290		$976,020

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 $102,770 cash.

The common stock was issued for cash.

There was a $74,550 credit to Retained Earnings for net income.

There was a $45,870 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		$