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	$292,010	$274,140
Accounts receivable (net)	105,780	98,460
Inventories	298,610	291,500
Investments	0	112,940
Land	153,170	0
Equipment	329,470	257,730
Accumulated depreciationequipment	(77,130)	(69,500)
Total assets	$1,101,910	$965,270
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$199,450	$190,160
Accrued expenses payable (operating expenses)	19,830	25,100
Dividends payable	11,020	8,690
Common stock, $10 par	59,500	47,300
Paid-in capital in excess of parcommon stock	223,690	131,280
Retained earnings	588,420	562,740
Total liabilities and stockholders' equity	$1,101,910	$965,270

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

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The investments were sold for $132,140 cash.

The common stock was issued for cash.

There was a $71,050 credit to Retained Earnings for net income.

There was a $45,370 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.

Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9

Line Item Description	Amount	Amount
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, January 1, 20Y9
Cash balance, December 31, 20Y9