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		$235,510		$219,330
Accounts receivable (net)		85,320		78,770
Inventories		240,840		233,230
Investments		0		90,360
Land		123,530		0
Equipment		265,720		206,200
Accumulated depreciationequipment		(62,210)		(55,600)
Total assets		$888,710		$772,290
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$160,860		$152,140
Accrued expenses payable (operating expenses)		16,000		20,080
Dividends payable		8,890		6,950
Common stock, $10 par		47,990		37,840
Paid-in capital in excess of parcommon stock		180,410		105,030
Retained earnings		474,560		450,250
Total liabilities and stockholders equity		$888,710		$772,290

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 $105,720 cash.

The common stock was issued for cash.

There was a $60,610 credit to Retained Earnings for net income.

There was a $36,300 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

Cash flows from (used for) operating activities:	blank
Cash paid for dividendsCash paid for landCash received from sale of common stockCash received from sale of investmentsLoss on sale of investmentsNet income	$- Select -
Adjustments to reconcile net income to net cash flow from operating activities:	blank
Accumulated depreciationCash paid for dividendsCash paid for landCash received from sale of common stockDepreciationRetained earnings	- Select -
Cash paid for dividendsCash 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:	blank
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesDepreciationIncrease in accounts receivableLoss on sale of investments	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesGain on sale of investmentsIncrease in accrued expensesIncrease in inventories	- Select -
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesIncrease in accounts payableIncrease in accrued expensesLoss on sale of investments	- Select -
Decrease in accounts payableDecrease in accrued expenses payableDecrease in dividends payableDepreciationIncrease in accrued expenses payableIncrease in land	- Select -
Net cash flow from operating activities	blank	$fill in the blank 15
Cash flows from (used for) investing activities:	blank
Cash received from gain on sale of investmentsCash received from loss on sale of investmentsCash received from net incomeCash received from sale of common stockCash 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 dividendsCash 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 equipmentCash paid for retained earnings	- Select -
Net cash flow used for investing activities	blank	fill in the blank 22
Cash flows from (used for) financing activities:	blank
Cash received from net incomeCash received from sale of common stockCash received from sale of equipmentCash received from sale of inventoriesCash received from sale of investmentsCash received from retained earnings	$- Select -
Cash paid for dividendsCash paid for inventoriesCash paid for purchase of equipmentCash paid for purchase of investmentsCash paid for purchase of landCash paid for retained earnings	- Select -
Net cash flow from financing activities	blank	fill in the blank 27
Cash received from gain on sale of investmentsCash received from loss on sale of investmentsCash received from net incomeCash received from sale of common stockNet decrease in cashNet increase in cash	blank	$- Select -
Cash balance, January 1, 20Y9	blank	fill in the blank 30
Cash balance, December 31, 20Y9	blank	$fill in the blank 31