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		$280,460		$261,790
Accounts receivable (net)		101,600		94,020
Inventories		286,800		278,400
Investments		0		107,850
Land		147,110		0
Equipment		316,440		246,120
Accumulated depreciationequipment		(74,080)		(66,370)
	Total assets	$1,058,330		$921,810
Liabilities and Stockholders' Equity
Accounts payable		$191,560		$181,600
Accrued expenses payable		19,050		23,970
Dividends payable		10,580		8,300
Common stock, $10 par		57,150		45,170
Paid-in capital: Excess of issue price over par-common stock		214,840		125,370
Retained earnings		565,150		537,400
	Total liabilities and stockholders equity	$1,058,330		$921,810

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 $97,070 cash.
4. The common stock was issued for cash.
5. There was a $71,080 credit to Retained Earnings for net income.
6. There was a $43,330 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.