Statement of Cash Flows-Indirect Method He The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2048, is as follows: em Dec. 31, 2019 Dec. 31, 2048 LE Assets Cash BE Accounts receivable (net) Inventories Investments $278,090 100,740 284,380 0 145,870 313,770 (73,460) $1,049,390 Land $259,580 93,230 276,040 106,940 HO 244,040 (65,810) $914,020 Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable $189,940 $180,060 Accrued expenses payable 18,890 23,760 Dividends payable 10,490 8,230 Common stock, $10 par 56,670 4 4,790 Paid-in capital: Excess of issue price over par-common stock 213,030 124,310 Retained earnings 560,370 532,870 Total liabilities and stockholders' equity $1,049,390 $914,020 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 $96,250 cash. d. The common stock was issued for cash. e. There was a $70,460 credit to Retained Earnings for net income. f. There was a $42,960 debit to Retained Earnings for cash dividends declared. Required: hendred of ga stromering Use the mission to indicate cash flow charmant decreases caso DO DO DI DIO O O Quod