15.01B and 15.02B

Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31,20 Y and 20Y8, is as follows: r for 20Y9 are as follows: b. There were no disposals of equipment during the year. c. The investments were sold for $125,900cash. d. The common stock was issued for cash. e. There was a $74,820 credit to Retained Earnings for net income. f. There was a $43,230 debit to Retained Earnings for cash dividends declared. Required: Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Line Item Description Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: 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, 20Y9 Cash balance, December 31, 20Y9 Statement of cash flows-indirect method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are a. Net income, $89,160. b. Depreciation reported on the income statement, $27,100. c. Equipment was purchased at a cost of $52,790 and fully depreciated equipment costing $14,580 was discarded, with no salvage realize d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 5,000 shares of common stock were issued at $18 for cash. f. Cash dividends declared and paid, $54,330. Yellow Dog Enterprises Inc