The comparative balance sheet of Merrick Equipment Co$.$ for December $31,20$Y$9$ and $20$Y$8,$ is as follows: $$:

Line Item Description December $31,20$Y$9$ December $31,20$Y$8$

Assets

Cash $$287,030$ $$266,700$

Accounts receivable $($net$)103,98095,790$

Inventories $293,530283,590$

Investments $0109,870$

Land $150,5500$

Equipment $323,850250,730$

Accumulated depreciation$$equipment $(75,820)(67,610)$

Total assets $$1,083,120$ $$939,070$

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$ $$196,040$ $$185,000$

Accrued expenses payable $($operating expenses$)19,50024,420$

Dividends payable $10,8308,450$

Common stock, $$10$ par $58,49046,010$

Paid$-$in capital in excess of par$$common stock $219,870127,710$

Retained earnings $578,390547,480$

Total liabilities and stockholders' equity $$1,083,120$ $$939,070$

Additional data obtained from an examination of the accounts in the ledger for $20$Y$9$ are as follows:

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The investments were sold for $$128,550$ cash.

The common stock was issued for cash.

There was a $$75,050$ credit to Retained Earnings for net income.

There was a $$44,140$ debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used for$)$ 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 $31,20$Y$9$

Line Item Description Amount Amount

Cash flows from $($used for$)$ operating activities: blank

$$-$ Select $-$

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities: blank

$-$ Select $-$

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Changes in current operating assets and liabilities: blank

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

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blank $$-$ Select $-$

Cash flows from $($used for$)$ investing activities: blank

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

blank $-$ Select $-$

Cash flows from $($used for$)$ financing activities: blank

$$-$ Select $-$

$-$ Select $-$

blank $-$ Select $-$

blank $$-$ Select $-$

Cash balance, January $1,20$Y$9$ blank Cash balance, January $1,20$Y$9$

Cash balance, December $31,20$Y$9$