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 $246,350 $228,640

Accounts receivable (net) 89,250 82,120

Inventories 251,930 243,140

Investments 0 94,190

Land 129,220 0

Equipment 277,960 214,950

Accumulated depreciationequipment (65,070) (57,970)

Total assets $929,640 $805,070

Liabilities and Stockholders' Equity

Accounts payable $168,260 $158,600

Accrued expenses payable 16,730 20,930

Dividends payable 9,300 7,250

Common stock, $10 par 50,200 39,450

Paid-in capital: Excess of issue price over par-common stock 188,720 109,490

Retained earnings 496,430 469,350

Total liabilities and stockholders' equity $929,640 $805,070

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 $84,770 cash.

The common stock was issued for cash.

There was a $64,920 credit to Retained Earnings for net income.

There was a $37,840 debit to Retained Earnings for cash dividends declared.

Required:

I need 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:

$

Adjustments to reconcile net income to net cash flow from operating activities:

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 $