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 $$290,050$ $$269,200$

Accounts receivable $($net$)105,08096,680$

Inventories $296,620286,260$

Investments $0110,900$

Land $152,1400$

Equipment $327,270253,080$

Accumulated depreciation$$equipment $(76,620)(68,250)$

Total assets $$1,094,540$ $$947,870$

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$ $$198,110$ $$186,730$

Accrued expenses payable $($operating expenses$)19,70024,640$

Dividends payable $10,9508,530$

Common stock, $$10$ par $59,11046,450$

Paid$-$in capital in excess of par$$common stock $222,190128,910$

Retained earnings $584,480552,610$

Total liabilities and stockholders' equity $$1,094,540$ $$947,870$

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 $$129,750$ cash.

The common stock was issued for cash.

There was a $$76,420$ credit to Retained Earnings for net income.

There was a $$44,550$ debit to Retained Earnings for cash dividends declared.

a$.$ 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.