PR 13-1B Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Cash Accounts receivable (net) Inventories Investments Land Assets Equipment. Accumulated depreciation-equipment. Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable.. Common stock, $1 par. Paid-in capital: Excess of issue price over par-common stock Retained earnings. Total liabilities and stockholders' equity. Dec. 31, 20Y9 $ 70,720 207,230 298,520 0 295,800 438,600 (99,110) $1,211,760 $ 205,700 30,600 25,500 202,000 354,000 393,960 $1,211,760 D. The common stock was issued for cash. E. There was a $141,680 credit to Retained Earnings for net income. F. There was a $102,000 debit to Retained Earnings for cash dividends declared. Dec. 31, 20Y8 $ 47,940 188,190 289,850 102,000 0 358,020 (84,320) $901,680 $194,140 26,860 20,400 102,000 204,000 354,280 $901,680 Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 $91,800 cash. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

PR 13-1B Statement of cash flows-indirect method Obj. 2,3,4,5 The comparative balance sheet of Merrick Equipment Co, for December 31, 20Y9 and 20Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: A. Equipment and tand were acquired for cash. B. There were no disposals of equipment during the year. C. The investments were sold for $91,800 cash. D. The common stock was issued for cash. E. There was a $141,680 credit to Retained Earnings for net income. F. There was a $102,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. PR 13-3B Statement of cash flows-indirect method Ob). 2,3,4,5 The comparative balance sheet of Coulson, Inc, at December 31,20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20YZ are as follows: Arrnethri min ACrotint man Instructions Wepare is Mabenent of cash Oows, usinge the indifect method of presenting cash flows from coperating accivities