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		$290,260		$273,430
Accounts receivable (net)		105,150		98,200
Inventories		296,820		290,760
Investments		0		112,650
Land		152,250		0
Equipment		327,500		257,060
Accumulated depreciationequipment		(76,670)		(69,320)
Total assets		$1,095,310		$962,780
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$198,250		$189,670
Accrued expenses payable (operating expenses)		19,720		25,030
Dividends payable		10,950		8,670
Common stock, $10 par		59,150		47,180
Paid-in capital in excess of parcommon stock		222,350		130,940
Retained earnings		584,890		561,290
Total liabilities and stockholders equity		$1,095,310		$962,780

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 $131,800 cash.

The common stock was issued for cash.

There was a $68,850 credit to Retained Earnings for net income.

There was a $45,250 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 incomeNet income	$Net income
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 earningsDepreciation	Depreciation
Cash paid for dividendsCash received from net incomeCash received from the sale of common stockGain on sale of investmentsLoss on sale of investmentsRetained earningsGain on sale of investments	Gain on sale of investments
Changes in current operating assets and liabilities:	blank
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesDepreciationIncrease in accounts receivableLoss on sale of investmentsIncrease in accounts receivable	Increase in accounts receivable
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesGain on sale of investmentsIncrease in accrued expensesIncrease in inventoriesIncrease in inventories	Increase in inventories
Decrease in accounts payableDecrease in accounts receivableDecrease in inventoriesIncrease in accounts payableIncrease in accrued expensesLoss on sale of investmentsIncrease in accrued expenses	Increase in accrued expenses
Decrease in accounts payableDecrease in accrued expenses payableDecrease in dividends payableDepreciationIncrease in accrued expenses payableIncrease in landIncrease in accrued expenses payable	Increase in accrued expenses payable
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 earningsCash received from sale of investments	$Cash received from sale of investments
Cash paid for accounts payableCash paid for accumulated depreciationCash paid for common stockCash paid for depreciationCash paid for dividendsCash paid for purchase of landCash paid for purchase of land	Cash paid for purchase of land
Cash paid for accounts receivableCash paid for accrued expensesCash paid for accumulated depreciationCash paid for inventoriesCash paid for purchase of equipmentCash paid for retained earningsCash paid for purchase of equipment	Cash paid for purchase of equipment
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 earningsCash received from sale of common stock	$Cash received from sale of common stock
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 earningsCash paid for dividends	Cash paid for dividends
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 cashNet increase in cash	blank	$Net increase in cash
Cash balance, January 1, 20Y9	blank	fill in the blank 30
Cash balance, December 31, 20Y9