Please see attachments for question.

Additional data obtained from an examination of the accounts in the ledger for 2019 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 $92,480 cash. d. The common stock was issued for cash. e. There was a $68,950 credit to Retained Earnings for net income. f. There was a $41,280 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 Cash flows from (used for) operating activities: $ Adjustments to reconcile net income to net cash flows from (used for) operating activities: 10 00 Changes in current operating assets and liabilities:The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, Dec. 31, 20Y9 20Y8 Assets Cash $267,840 $249,440 Accounts receivable (net) 97,030 89,590 Inventories 273,900 265,250 Investments 0 102,760 Land 140,490 0 Equipment 302,200 234,510 Accumulated depreciation-equipment (70,750) (63,240) Total assets $1,010,710 $878,310 Liabilities and Stockholders' Equity Accounts payable $182,940 $173,030 Accrued expenses payable 18,190 22,840 Dividends payable 10,110 7,900 Common stock, $10 par 54,580 43,040 Excess of paid-in capital over par 205, 170 119,450 Retained earnings 539,720 512,050 Total liabilities and stockholders' equity $1, 010,710 $878,310Changes in current operating assets and liabilities: 0000 Net cash flows from operating activities $ Cash flows from (used for) investing activities: 1000 Net cash flows used for investing activities O Cash flows from (used for) financing activities: Net cash flows from financing activities TA Cash balance, January 1, 2019 Cash balance, December 31. 209 $