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Additional data obtained from an examination of the accounts in the ledger for 20rg are as follows: a. Equipment and land were acquired for cash.

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Additional data obtained from an examination of the accounts in the ledger for 20rg 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 $129,170 ash. d. The common stock was issued for cash. e. There was a $80,130 credit to Retained Earnings for net income. f. There was a $44,350 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activitins. 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, 20 Y9 Line Item Description Amount Amount Cash flows from (used for) operating activities: Adjustments to reconcle net income to net cash flows from (used for) operating activities: Changes in current operating assets and liablities: Cash flows from (used for) investing activities: Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20 Y9 and 20Y8, is as follows: December December 31,20Y931,20Y8 Assets Cash Accounts recelvable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockhoiders' equity 'Equity Adritinnal data obtained from an examination of the accounts in the ledger for 20 Y 9 are as follows: Adjustments to reconcle net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Cash flows from (used for) investing activibes: Cash flows from (used for) financing activities: Cash balance, January 1, 20r9 Cash balance, December 31, 20Y9

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