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

Additional data obtained from an examination of the accounts in the ledger for $20Y9$ are as follows:

a$.$ Equipment and land were acquired for cash.

b$.$ There were no disposals of equipment during the year.

c$.$ The investments were sold for $$91,800$ cash.

d$.$ The common stock was issued for cash.

e$.$ There was a $$141,680$ credit to Retained Earnings for net income.

f$.$ There was a $$102,000$ 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.