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		$252,860		$233,590
Accounts receivable (net)		91,600		83,890
Inventories		258,570		248,400
Investments		0		96,230
Land		132,630		0
Equipment		285,300		219,600
Accumulated depreciationequipment		(66,790)		(59,220)
Total assets		$954,170		$822,490
Liabilities and Stockholders' Equity
Accounts payable		$172,700		$162,030
Accrued expenses payable		17,180		21,380
Dividends payable		9,540		7,400
Common stock, $10 par		51,530		40,300
Excess of paid-in capital over par		193,700		111,860
Retained earnings		509,520		479,520
Total liabilities and stockholders' equity		$954,170		$822,490

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 $86,610 cash.
4. The common stock was issued for cash.
5. There was a $68,660 credit to Retained Earnings for net income.
6. There was a $38,660 debit to Retained Earnings for cash dividends declared.

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) 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:
Cash dividendsCash paid for landCash received from issuing common stockCash received from sale of investmentsNet income	$- Select -
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
Cash dividendsCash paid for landCash received from issuing common stockDepreciationRetained earnings	- Select -
Cash received from net incomeCash received from the sale of common stockGain on sale of investmentsLoss on sale of investmentsRetained earnings	- Select -
Changes in current operating assets and liabilities:
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesIncrease in accounts receivableLoss on sale of investments	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesGain on sale of investmentsIncrease in inventories	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in accrued expensesDecrease in inventoriesIncrease in accounts payable	- Select -
Decrease in accounts payableDecrease in accrued expenses payableDecrease in dividends payableDepreciationIncrease in accrued expenses payable	- Select -
Net cash flows from operating activities		$fill in the blank 15
Cash flows from (used for) investing activities:
Cash received from gain on sale of investmentsCash received from issuing common stockCash received from loss on sale of investmentsCash received from sale of investmentsCash received from retained earnings	$- Select -
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for common stockCash paid for depreciationCash paid for purchase of land	- Select -
Cash paid for accounts receivableCash paid for accrued expensesCash paid for accumulated depreciationCash paid for inventoriesCash paid for purchase of equipment	- Select -
Net cash flows used for investing activities		fill in the blank 22
Cash flows from (used for) financing activities:
Cash received from issuing common stockCash received from net incomeCash received from sale of equipmentCash received from sale of inventoriesCash received from sale of investments	$- Select -
Cash dividendsCash paid for inventoriesCash paid for purchase of equipmentCash paid for purchase of investmentsCash paid for purchase of land	- Select -
Net cash flows from financing activities		fill in the blank 27
Net decrease in cashNet increase in cash		$- Select -
Cash balance, January 1, 20Y9		fill in the blank 30
Cash balance, December 31, 20Y9		$fill in the blank 31