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		$312,650		$290,510
Accounts receivable (net)		113,260		104,340
Inventories		319,740		308,910
Investments		0		119,680
Land		164,000		0
Equipment		352,770		273,120
Accumulated depreciationequipment		(82,590)		(73,650)
Total assets		$1,179,830		$1,022,910
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$213,550		$201,510
Accrued expenses payable (operating expenses)		21,240		26,600
Dividends payable		11,800		9,210
Common stock, $10 par		63,710		50,120
Paid-in capital in excess of parcommon stock		239,510		139,120
Retained earnings		630,020		596,350
Total liabilities and stockholders equity		$1,179,830		$1,022,910

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 $140,030 cash.
4. The common stock was issued for cash.
5. There was a $81,750 credit to Retained Earnings for net income.
6. There was a $48,080 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 (used for) operating activities:
Cash paid for dividendsCash paid for landCash received from sale of common stockCash received from sale of investmentsLoss on sale of investmentsNet income	$- Select -
Adjustments to reconcile net income to net cash flow from operating activities:
Accumulated depreciationCash paid for dividendsCash paid for landCash received from sale of common stockDepreciationRetained earnings	- Select -
Cash paid for dividendsCash received from net incomeCash received from the sale of common stockGain on sale of investmentsLoss on sale of investmentsRetained earnings	- Select -
Changes in current operating assets and liabilities:
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesDepreciationIncrease in accounts receivableLoss on sale of investments	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesGain on sale of investmentsIncrease in accrued expensesIncrease in inventories	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesIncrease in accounts payableIncrease in accrued expensesLoss on sale of investments	- Select -
Decrease in accounts payableDecrease in accrued expenses payableDecrease in dividends payableDepreciationIncrease in accrued expenses payableIncrease in land	- Select -
Net cash flow from operating activities		$fill in the blank 15
Cash flows from (used for) investing activities:
Cash received from gain on sale of investmentsCash received from loss on sale of investmentsCash received from net incomeCash received from sale of common stockCash received from sale of investmentsCash received from retained earnings	$- Select -
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for common stockCash paid for depreciationCash paid for dividendsCash paid for purchase of land	- Select -
Cash paid for accounts receivableCash paid for accrued expensesCash paid for accumulated depreciationCash paid for inventoriesCash paid for purchase of equipmentCash paid for retained earnings	- Select -
Net cash flow used for investing activities		fill in the blank 22
Cash flows from (used for) financing activities:
Cash received from net incomeCash received from sale of common stockCash received from sale of equipmentCash received from sale of inventoriesCash received from sale of investmentsCash received from retained earnings	$- Select -
Cash paid for dividendsCash paid for inventoriesCash paid for purchase of equipmentCash paid for purchase of investmentsCash paid for purchase of landCash paid for retained earnings	- Select -
Net cash flow from financing activities		fill in the blank 27
Cash received from gain on sale of investmentsCash received from loss on sale of investmentsCash received from net incomeCash received from sale of common stockNet decrease in cashNet increase in cash		$- Select -
Cash balance, January 1, 20Y9		fill in the blank 30
Cash balance, December 31, 20Y9		$fill in the blank 31