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		$70,720		$47,940
   Accounts receivable (net)		207,230		188,190
   Inventories		298,520		289,850
   Investments		0		102,000
   Land		295,800		0
   Equipment		438,600		358,020
   Accumulated depreciationequipment		(99,110)		(84,320)
   Total assets		$1,211,760		$901,680
   Liabilities and Stockholders' Equity
   Accounts payable (merchandise creditors)		$205,700		$194,140
   Accrued expenses payable (operating expenses)		30,600		26,860
   Dividends payable		25,500		20,400
   Common stock, $1 par		202,000		102,000
   Paid-in capital in excess of parcommon stock		354,000		204,000
   Retained earnings		393,960		354,280
   Total liabilities and stockholders' equity		$1,211,760		$901,680

   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 $91,800 cash.
   4. The common stock was issued for cash.
   5. There was a $141,680 credit to Retained Earnings for net income.
   6. There was a $102,000 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:
   	$fill in the blank 2
   Adjustments to reconcile net income to net cash flow from operating activities:
   	fill in the blank 4
   	fill in the blank 6
   Changes in current operating assets and liabilities:
   	fill in the blank 8
   	fill in the blank 10
   	fill in the blank 12
   	fill in the blank 14
   Net cash flow from operating activities		$fill in the blank 15
   Cash flows from (used for) investing activities:
   	$fill in the blank 17
   	fill in the blank 19
   	fill in the blank 21
   Net cash flow used for investing activities		fill in the blank 22
   Cash flows from (used for) financing activities:
   	$fill in the blank 24
   	fill in the blank 26
   Net cash flow from financing activities		fill in the blank 27
   		$fill in the blank 29
   Cash balance, January 1, 20Y9		fill in the blank 30
   Cash balance, December 31, 20Y9		$fill in the blank 31