Calculator eBook Show Me How Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash Accounts receivable (net) Inventories $285,740 $263,670 94,700 292,220280,370 0 108,620 103,510 Land Equipment Accumulated depreciation-equipment 149,880 322,410247,880 75,480)(66,840) Total assets $1,078,280 $928,400 Liabilities and Stockholders Equity Accounts payable Accrued expenses payable Dividends payable Common stock. $10 par $195.170 19,410 10.780 58.230 5182.890 24.140 8,360 45.490 Check My Work Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earnings $195, 170 $182,890 24,140 8,360 45,490 218,890 126,260 575,800 541,260 $1,078,280 $928,400 19,410 10,780 58,230 Total liabities and stocktholders' equity Additional data obtained from an examination of the accounts in the ledger for 20s 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 $97,760 cash. d. The common stock was issued for cash. e. There was a $78,170 credit to Retained Earnings for net income. f. There was a $43,630 debit to Retained Earnings for cash dividends declared Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activitis Merrick Equipment Co. Statement of Cash Flows Ehc how kie How Net cash flow from operating activibes 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 at the beginning of the year Cash at the end of the year Check My Work Oo