1. 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		$294,260		$275,940
   Accounts receivable (net)		106,600		99,110
   Inventories		300,920		293,430
   Investments		0		113,680
   Land		154,350		0
   Equipment		332,020		259,420
   Accumulated depreciationequipment		(77,730)		(69,960)
   	Total assets	$1,110,420		$971,620
   Liabilities and Stockholders' Equity
   Accounts payable		$200,990		$191,410
   Accrued expenses payable		19,990		25,260
   Dividends payable		11,100		8,740
   Common stock, $10 par		59,960		47,610
   Paid-in capital: Excess of issue price over par-common stock		225,420		132,140
   Retained earnings		592,960		566,460
   	Total liabilities and stockholders equity	$1,110,420		$971,620

   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 $102,310 cash.
   4. The common stock was issued for cash.
   5. There was a $72,170 credit to Retained Earnings for net income.
   6. There was a $45,670 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		$