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

$275,590

$255,480

Accounts receivable (net)

99,840

91,760

Inventories

281,840

271,670

Investments

0

105,250

Land

144,560

0

Equipment

310,950

240,190

Accumulated depreciationequipment

(72,800)

(64,770)

Total assets

$1,039,980

$899,580

Liabilities and Stockholders' Equity

Accounts payable

$188,240

$177,220

Accrued expenses payable

18,720

23,390

Dividends payable

10,400

8,100

Common stock, $10 par

56,160

44,080

Paid-in capital: Excess of issue price over par-common stock

211,120

122,340

Retained earnings

555,340

524,450

Total liabilities and stockholders' equity

$1,039,980

$899,580

Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

a.Equipment and land were acquired for cash.

b.There were no disposals of equipment during the year.

c.The investments were sold for $94,730 cash.

d.The common stock was issued for cash.

e.There was a $73,170 credit to Retained Earnings for net income.

f.There was a $42,280 debit to Retained Earnings for cash dividends declared.

Required: a statement of cash flows, using the indirect method of presentingcash 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 flow 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

$