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all the questions please make sure all the numbers is showing up plz $224,690 Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick

all the questions please
make sure all the numbers is showing up plz
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image text in transcribed
$224,690 Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2098, is as follows: Dec. 31. Dec. 31. 2019 2048 Assets Cash $210,940 Accounts receivable (net) Inventories 229,770 224,320 Investments Land Equipment Accumulated depreciation equipment (59,350) (53.480) Total assets $847,890 $742,750 81.400 75,760 86.900 117,860 O 253.520 198,310 15,260 19,310 45,790 36,390 172,120 101,010 452,770 433,040 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $153,470 $346,320 Accrued expenses payable (operating expenses) Dividends payable 8.480 6.680 Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity 5847,890 $742.750 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 $101,670 cash. d. The common stock was issued for cash. e. There was a $54,640 credit to Retained Earnings for net income. f. There was a $34,910 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. 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 (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for investing activities: I Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 2049 Cash balance, December 31, 2019

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