CHART ATTACHED FOR VISUAL The comparative balance sheet of Merrick Equipment Co$.$ for December $31,20$Y$9$ and $20$Y$8,$ is as follows:

Line Item Description December $31,20$Y$9$ December $31,20$Y$8$

Assets

Cash $$290,120$ $$270,810$

Accounts receivable $($net$)105,10097,260$

Inventories $296,690287,980$

Investments $0111,570$

Land $152,1800$

Equipment $327,340254,600$

Accumulated depreciation$$equipment $(76,640)(68,660)$

Total assets $$1,094,790$ $$953,560$

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$ $$198,160$ $$187,850$

Accrued expenses payable $($operating expenses$)19,71024,790$

Dividends payable $10,9508,580$

Common stock, $$10$ par $59,12046,720$

Paid$-$in capital in excess of par$$common stock $222,240129,680$

Retained earnings $584,610555,940$

Total liabilities and stockholders' equity $$1,094,790$ $$953,560$

Additional data obtained from an examination of the accounts in the ledger for $20$Y$9$ are as follows:

Equipment and land were acquired for cash.

There were no disposals of equipment during the year.

The investments were sold for $$130,540$ cash.

The common stock was issued for cash.

There was a $$73,490$ credit to Retained Earnings for net income.

There was a $$44,820$ 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 $31,20$Y$9$

Line Item Description Amount Amount

Cash flows from $($used for$)$ operating activities: blank

$$-$ Select $-$

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities: blank

$-$ Select $-$

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Changes in current operating assets and liabilities: blank

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blank $$-$ Select $-$

Cash flows from $($used for$)$ investing activities: blank

$$-$ Select $-$

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blank $-$ Select $-$

Cash flows from $($used for$)$ financing activities: blank

$$-$ Select $-$

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blank $-$ Select $-$

blank $$-$ Select $-$

Cash balance, January $1,20$Y$9$ blank Cash balance, January $1,20$Y$9$

Cash balance, December $31,20$Y$9$ blank $Cash balance, December $31,20$Y$9$