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		$258,240		$239,670
Accounts receivable (net)		93,550		86,080
Inventories		264,090		254,860
Investments		0		98,740
Land		135,460		0
Equipment		291,380		225,330
Accumulated depreciationequipment		(68,220)		(60,760)
	Total assets	$974,500		$843,920
Liabilities and Stockholders' Equity
Accounts payable		$176,380		$166,250
Accrued expenses payable		17,540		21,940
Dividends payable		9,750		7,600
Common stock, $10 par		52,620		41,350
Paid-in capital: Excess of issue price over par-common stock		197,820		114,770
Retained earnings		520,390		492,010
	Total liabilities and stockholders equity	$974,500		$843,920

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 $88,870 cash.
4. The common stock was issued for cash.
5. There was a $68,040 credit to Retained Earnings for net income.
6. There was a $39,660 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, 2049 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