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		$306,870		$282,830
Accounts receivable (net)		111,170		101,580
Inventories		313,830		300,760
Investments		0		116,520
Land		160,960		0
Equipment		346,240		265,900
Accumulated depreciationequipment		(81,060)		(71,700)
	Total assets	$1,158,010		$995,890
Liabilities and Stockholders' Equity
Accounts payable		$209,600		$196,190
Accrued expenses payable		20,840		25,890
Dividends payable		11,580		8,960
Common stock, $10 par		62,530		48,800
Paid-in capital: Excess of issue price over par-common stock		235,080		135,440
Retained earnings		618,380		580,610
	Total liabilities and stockholders equity	$1,158,010		$995,890

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 $104,870 cash.
4. The common stock was issued for cash.
5. There was a $84,580 credit to Retained Earnings for net income.
6. There was a $46,810 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 operating activities:
Net income	$
Adjustments to reconcile net income to net cash flow from operating activities:
Accumulated depreciation
Loss on sale of investments
Changes in current operating assets and liabilities:
Increase in accounts receivable
Increase in inventories
Increase in accrued expenses
Increase in accrued expenses payable
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:
Net cash flow from financing activities
		$
Cash at the beginning of the year
Cash at the end of the year		$