The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:

Line Item Description	December 31, 20Y9	December 31, 20Y8
Assets
Cash	$269,290	$249,640
Accounts receivable (net)	97,550	89,660
Inventories	275,390	265,460
Investments	0	102,840
Land	141,250	0
Equipment	303,840	234,690
Accumulated depreciationequipment	(71,130)	(63,290)
Total assets	$1,016,190	$879,000
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$183,930	$173,160
Accrued expenses payable (operating expenses)	18,290	22,850
Dividends payable	10,160	7,910
Common stock, $10 par	54,870	43,070
Paid-in capital in excess of parcommon stock	206,290	119,540
Retained earnings	542,650	512,470
Total liabilities and stockholders' equity	$1,016,190	$879,000

Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:

a. Equipment and land were acquired for cash.

b. There were no disposals of equipment during the year.

c. The investments were sold for $120,320 cash.

d. The common stock was issued for cash.

e. There was a $71,490 credit to Retained Earnings for net income.

f. There was a $41,310 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.

For the Year Ended December 31, 20Y9 \begin{tabular}{lll} \hline Line Item Description Amount Amount \end{tabular} Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1,20Y9 Cash balance, December 31,20Y9