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Required: Prepare a statement of cash flows, using the indirect method of presenting cash ows 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 Cash ows from (used for) operating activities: | VI Adjustments to reconcile net income to net cash flows from (used for) operating activities: l Vi '1 Changes in current operating assets and liabilities: | VI DEED DD 3 Net cash flows from operating activities D Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, Dec. 31, 20Y9 20Y8 Assets Cash $258,830 $239,110 Accounts receivable (net) 93,760 85,880 Inventories 264,690 254,260 Investments 0 98,500 Land 135,760 0 Equipment 292,030 224,790 Accumulated depreciation-equipment (68,370) (60,620) Total assets $976,700 $841,920Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: 1000 0 Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities 00 Cash balance, January 1, 20Y9 Cash balance, December 31, 2019Accounts payable $1?0,?00 Accrued expenses payable 1?,580 Dividends payable 9,??0 Common stock, $10 par 52,?40 Excess of paidin capital over par 198,2?0 Retained earnings 521,560 Total liabilities and stockholders' equity.r $9?6,?'00 Liabilities and Stockholders' Equity $135,330 21,390 2,530 41,250 114,500 490,340 $341,920 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: wing-\"5"\" . Equipment and land were acquired for cash. . _here were no disposals of equipment during the year. . 'he investments were sold for $80,650 cash. . 'he common stock was issued for cash. "here was a $?0,290 credit to Retained Earnings for net income. "here was a $39,5?0 debit to Retained Earnings for cash dividends declared