Question: 1. PR.13.01B.ALGO (Algorithmic) Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment 'Co. for December 31, 20Y9 and 20Y8, is as follows:

sheet of Merrick Equipment 'Co. for December 31, 20Y9 and 20Y8, is

as follows: Adaitional data obtained trom an examination or the accounts in

1. PR.13.01B.ALGO (Algorithmic) Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment 'Co. for December 31, 20Y9 and 20Y8, is as follows: Adaitional data obtained trom an examination or the accounts in the leager for LUYY are as tollows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $106,550 cash. d. The common stock was issued for cash. e. There was a $66,110 credit to Retained Earnings for net income. 1. There was a $36,580 debit to Retained Earnings for cash dividends declared. Prepare a statement of cash fows) using the indirect method of presenting cash flows from (used for) operating activiles. Use the minus sign to indicate cash outflows, cash payn adjustments

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