prepare a statement of cash flows, using the indirect method presenting cash flows from (used for) operating activities.

use minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

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 20rg are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equiponent during the year. c. The investments were sold for $113,260 cash. d. The common stock was issued for cash. e. There was a $63,190 credit to Retained Earrings for net income. f. There was a $38,890 debit to Retained Larnings for cash dividends declared. Required:- Prepare a statement of cash flows, using the indirect method of presenting cach flows from (used for) operating activities. Use the ininus sign to indicate cash outfiows, cash payments, decreases in cash, or any negative adjustments. Changes in current operating assets and liabilities: Cash flows from (used for) investing activities: Cash flows from (used for) financing activities: Cash balance, January 1, 20rg Cash batance, December 31, 2049