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		$244,040		$229,370
Accounts receivable (net)		88,410		82,380
Inventories		249,550		243,900
Investments		0		94,490
Land		128,010		0
Equipment		275,350		215,640
Accumulated depreciationequipment		(64,460)		(58,150)
Total assets		$920,900		$807,630
Liabilities and Stockholders' Equity
Accounts payable		$166,680		$159,100
Accrued expenses payable		16,580		21,000
Dividends payable		9,210		7,270
Common stock, $10 par		49,730		39,570
Excess of paid-in capital over par		186,940		109,840
Retained earnings		491,760		470,850
Total liabilities and stockholders' equity		$920,900		$807,630

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 $85,040 cash.

The common stock was issued for cash.

There was a $58,870 credit to Retained Earnings for net income.

There was a $37,960 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.

Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9

Cash flows from (used for) operating activities:	blank

	$Net income
Adjustments to reconcile net income to net cash flows from (used for) operating activities:	blank

	Depreciation

	Loss on sale of investments
Changes in current operating assets and liabilities:	blank

	Increase in accounts receivable

	Increase in inventories

	Increase in accounts payable

	Decrease in accrued expenses payable
Net cash flows from operating activities	blank	$fill in the blank 15
Cash flows from (used for) investing activities:	blank

	$Cash received from sale of investments

	Cash paid for purchase of land

	Cash paid for purchase of equipment
Net cash flows used for investing activities	blank	fill in the blank 22
Cash flows from (used for) financing activities:	blank

	$Cash received from issuing common stock

	Cash dividends
Net cash flows from financing activities	blank	fill in the blank 27

	blank	$Net increase in cash
Cash balance, January 1, 20Y9	blank	fill in the blank 30
Cash balance, December 31, 20Y9	blank	$fill in the blank 31

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