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		$275,220		$258,080
Accounts receivable (net)		99,700		92,690
Inventories		281,440		274,440
Investments		0		106,320
Land		144,360		0
Equipment		310,530		242,630
Accumulated depreciationequipment		(72,700)		(65,430)
	Total assets	$1,038,550		$908,730
Liabilities and Stockholders' Equity
Accounts payable		$187,980		$179,020
Accrued expenses payable		18,690		23,630
Dividends payable		10,390		8,180
Common stock, $10 par		56,080		44,530
Paid-in capital: Excess of issue price over par-common stock		210,830		123,590
Retained earnings		554,580		529,780
	Total liabilities and stockholders equity	$1,038,550		$908,730

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 $95,690 cash.

D) The common stock was issued for cash.

E) There was a $67,510 credit to Retained Earnings for net income.

F) There was a $42,710 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 out flows, 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:
A) cash used for dividends, B) cash paid for land, C) cash from sales of investments D) cash from sales of common stock E) loss of sale on investment F) net income	$
Adjustments to reconcile net income to net cash flow from operating activities:
A) acummulated depreciation B) cash paid for land C) cash used for dividends $___________ d) cash for sale of common stock e) depreciation f) retainiong earnings A) cash used for dividends B) cash recieved from the sale of common stock C) cash recieved from net income $________ D) gain on sale of investments e) Loss on sale of investment F) retained earnings
Changes in current operating assets and liabilities:
A) decrease in accts recievable B) decrease in accts payable $_________ C) decrease in inventories $_________ D) depreciation $_________ E) increase in accts recievable $__________ F) loss of sales on investment ____________________________
A) decrease in accts payable $___________
B) decrease in accts recievable C) decrease in inventory D) gain on sale of investment E) increase in accrued expense F) increase in inventory A) decrease in accts payable B) decrease in accts recievable C) decrease in inventory D) increase in accts payable E) increase in accrued expense F) loss on sale of investments A) decrease in accts payable B) decrease in accrued expenses payable C) decrease in dividends payable D) depreciation E) increase in accrued expenses payable F) increase in land
Net cash flow from operating activities		$
Cash flows from (used for) investing activities:		$
A) cash recieved from gain on sale of investments	$
B) cash recieved from loss on sale of investment		$
C) cash recieved from net income D) cash from sale of common stock E) cash from sales of investment F) cash recieved from retained earnings A) cash paid for accts payable B) cash paid for accumulated depreciation C) cash paid for common stocks D) cash paid for depreciation E) cash used for dividends F) cash used for purchase of land A) cash paid for accts recievable B) cash paid for accrued expenses C) cash paid for accumulated depreciation D) cash paid for inventories E) cash used for purchase of equipment F) cash paid for retained earnings
Net cash flow used for investing activities
Cash flows from (used for) financing activities:
A) cash recieved from income B) cash from sale of common stock C) cash recieved from sale of equipment D) cash recieved from sale of inventory E) cash from sale of investments D) cash recieved from retained earnings A) cash used fro dividends B) cash paid for inventories C) cash used for purchase of equipment D) cash paid for purchase of investments E) cash used for purchase of land F) cash paid for retained earnings
Net cash flow from financing activities
A) Decrease in cash B) Increase in cash		$
Cash at the beginning of the year
Cash at the end of the year