Question: requesting help Please (it's a single question) Statement of Cash Flows-1ndirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8,



Statement of Cash Flows-1ndirect Method 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 20g 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. d. The common stock was issued for cash. e. There was a $141,680 credit to Retained Earnings for net income. 1. There was a $102,000 debit to Retained Earnings for cash dividends declared. Requiredt Prepare a statement of cash flows, using the indirect method of presenting cash fiows from operating activities. Use the minus slgn to indicate cash outfows, cash payments, decreases in cash, or any negative adjustments. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus signi to ind cate cash outhows, cash payments, decreases in cash, or any neqative adiustments. Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activitjes Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 20 Y9 Cash balance, December 31,20Y9
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