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		$261,410		$245,130
Accounts receivable (net)		94,700		88,040
Inventories		267,310		260,670
Investments		0		100,990
Land		137,120		0
Equipment		294,950		230,460
Accumulated depreciationequipment		(69,050)		(62,150)
Total assets		$986,440		$863,140
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$178,550		$170,040
Accrued expenses payable (operating expenses)		17,760		22,440
Dividends payable		9,860		7,770
Common stock, $10 par		53,270		42,290
Paid-in capital in excess of parcommon stock		200,250		117,390
Retained earnings		526,750		503,210
Total liabilities and stockholders equity		$986,440		$863,140

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 $118,160 cash.
4. The common stock was issued for cash.
5. There was a $64,110 credit to Retained Earnings for net income.
6. There was a $40,570 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

Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from (used for) 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: o Net cash flow from financing activities Cash balance, January 1, 2019 Cash balance, December 31, 2049