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		$247,280		$228,170
Accounts receivable (net)		89,580		81,950
Inventories		252,870		242,640
Investments		0		94,000
Land		129,710		0
Equipment		279,010		214,510
Accumulated depreciationequipment		(65,320)		(57,850)
	Total assets	$933,130		$803,420
Liabilities and Stockholders' Equity
Accounts payable		$168,900		$158,270
Accrued expenses payable		16,800		20,890
Dividends payable		9,330		7,230
Common stock, $10 par		50,390		39,370
Paid-in capital: Excess of issue price over par-common stock		189,430		109,270
Retained earnings		498,280		468,390
	Total liabilities and stockholders equity	$933,130		$803,420

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 $84,600 cash.
4. The common stock was issued for cash.
5. There was a $67,650 credit to Retained Earnings for net income.
6. There was a $37,760 debit to Retained Earnings for cash dividends declared.

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 of Cash Deas Flow For the Year Ended December 31, 20Y9 Cash flows from operating activities Adjustments to reconcile net income to net cash flow from operating activities Changes in current operating assets and liabilities: 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