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		$278,690		$259,850
Accounts receivable (net)		100,960		93,320
Inventories		285,010		276,320
Investments		0		107,050
Land		146,180		0
Equipment		314,450		244,290
Accumulated depreciationequipment		(73,620)		(65,880)
	Total assets	$1,051,670		$914,950
Liabilities and Stockholders' Equity
Accounts payable		$190,350		$180,250
Accrued expenses payable		18,930		23,790
Dividends payable		10,520		8,230
Common stock, $10 par		56,790		44,830
Paid-in capital: Excess of issue price over par-common stock		213,490		124,430
Retained earnings		561,590		533,420
	Total liabilities and stockholders equity	$1,051,670		$914,950

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 $96,350 cash.
4. The common stock was issued for cash.
5. There was a $71,170 credit to Retained Earnings for net income.
6. There was a $43,000 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:
Cash paid for land
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		$