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		$286,470		$266,790
Accounts receivable (net)		103,780		95,820
Inventories		292,960		283,710
Investments		0		109,910
Land		150,260		0
Equipment		323,220		250,820
Accumulated depreciationequipment		(75,670)		(67,640)
	Total assets	$1,081,020		$939,410
Liabilities and Stockholders' Equity
Accounts payable		$195,660		$185,060
Accrued expenses payable		19,460		24,420
Dividends payable		10,810		8,450
Common stock, $10 par		58,380		46,030
Paid-in capital: Excess of issue price over par-common stock		219,450		127,760
Retained earnings		577,260		547,690
	Total liabilities and stockholders equity	$1,081,020		$939,410

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 $98,920 cash.
4. The common stock was issued for cash.
5. There was a $73,720 credit to Retained Earnings for net income.
6. There was a $44,150 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:
Net income	$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
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