Statement of Cash Flows -Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and , is as follows :

Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2049 and 20Y8, is as follows: Dec. 31, Dec. 31, 2049 2018 Assets Cash Accounts receivable (net) Inventories $283,790 102,810 290,200 $266,720 95,800 283,630 109,880 Investments Land 148,850 320,200 Equipment Accumulated depreciation-equipment 250,760 (67,620) (74.960) Total assets $1,070,890 $939,170 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par $193,830 19,280 $185,020 24,420 8,450 46,020 10,710 57,830 Liabilities and Stockholders' Equity Accounts payable $193,830 $185,020 Accrued expenses payable 19,280 24,420 Dividends payable 10,710 8,450 Common stock, $10 par 57,830 46,020 Paid-in capital: Excess of issue price over par.common stock 217,390 127,730 Retained earnings 571,850 547,530 Total liabilities and stockholders' equity $1,070,890 $939,170 Additional data obtained from an examination of the accounts in the ledger for 2049 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 $98,890 cash. d. The common stock was issued for cash. e. There was a $68,460 credit to Retained Earnings for net income. f. There was a $44,140 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from 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, 2019 Cash flows from operating activities: Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: o bi b10 dll00 Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: , Changes in current operating assets and liabilities: O Net cash flow from operating activities Cash flows from (used for) Investing activities: D DODO DO D Net cash flow used for Investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year