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		$270,730		$251,840
Accounts receivable (net)		98,070		90,450
Inventories		276,860		267,810
Investments		0		103,750
Land		142,000		0
Equipment		305,460		236,760
Accumulated depreciationequipment		(71,510)		(63,850)
Total assets		$1,021,610		$886,760
Liabilities and Stockholders' Equity
Accounts payable		$184,910		$174,690
Accrued expenses payable		18,390		23,060
Dividends payable		10,220		7,980
Common stock, $10 par		55,170		43,450
Excess of paid-in capital over par		207,390		120,600
Retained earnings		545,530		516,980
Total liabilities and stockholders' equity		$1,021,610		$886,760

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 $93,380 cash.

The common stock was issued for cash.

There was a $70,230 credit to Retained Earnings for net income.

There was a $41,680 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.