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 $299,040 $278,820 Accounts receivable (net) 108,330 100,140 Inventories 305,810 296,490 Investments 0 114,870 Land 156,860 0 Equipment 337,410 262,130 Accumulated depreciationequipment (78,990) (70,690) Total assets $1,128,460 $981,760 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $204,250 $193,410 Accrued expenses payable (operating expenses) 20,310 25,530 Dividends payable 11,280 8,840 Common stock, $10 par 60,940 48,110 Paid-in capital in excess of parcommon stock 229,080 133,520 Retained earnings 602,600 572,350 Total liabilities and stockholders equity $1,128,460 $981,760 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 $134,400 cash. The common stock was issued for cash. There was a $76,390 credit to Retained Earnings for net income. There was a $46,140 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 (used for) 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 balance, January 1, 20Y9 Cash balance, December 31, 20Y9 $