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Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: a. Equipment and land were acquired for cash.
Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 $105,390 cash. d. The common stock was issued for cash. e. There was a $55,600 credit to Retained Earnings for net income. f. There was a $36,190 debit to Retained Earnings for cash dividends declared. 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 neqative adiustments. 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: Net cash flow from financing activities Cash balance, January 1,20Y9 Cash balance, December 31, 20Y9 Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows
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