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		$252,750		$237,820
Accounts receivable (net)		91,560		85,420
Inventories		258,470		252,890
Investments		0		97,980
Land		132,570		0
Equipment		285,180		223,590
Accumulated depreciationequipment		(66,760)		(60,290)
	Total assets	$953,770		$837,410
Liabilities and Stockholders' Equity
Accounts payable		$172,630		$164,970
Accrued expenses payable		17,170		21,770
Dividends payable		9,540		7,540
Common stock, $10 par		51,500		41,030
Paid-in capital: Excess of issue price over par-common stock		193,620		113,890
Retained earnings		509,310		488,210
	Total liabilities and stockholders equity	$953,770		$837,410

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 $88,180 cash.
4. The common stock was issued for cash.
5. There was a $60,460 credit to Retained Earnings for net income.
6. There was a $39,360 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		$