Calculator Statement of Cash Flows---Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 2088, is as follows: Dec. 31, 2049 Dec. 31, 2048 Assets Cash Accounts receivable (net) $230,000 82,600 244,580 94,750 Inventories Investments $248,680 90,090 254,310 0 130,440 280,580 (65,690) $938,410 Land Equipment Accumulated depreciation-equipment 216,230 (58,310) $809,850 Total assets Liabilities and Stockholders' Equity Accounts payable $169,850 $159,540 Accrued expenses payable 16,890 21,060 Dividends payable 9,380 7,290 Common stock, $10 par 50,670 39,680 Paid-in capital: Excess of issue price over par-common stock 190,500 110,140 Retained earnings 501,120 472,140 Total liabilities and stockholders' equity $938,410 $809,850 Additional data obtained from an examination of the accounts in the ledger for 2049 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 $85,280 cash. d. The common stock was issued for cash. e. There was a $67,040 credit to Retained Earnings for net income. f. There was a $38,060 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement as the rected of presenting cash flow from operating activities. Use the mission to indicate a Hemoment utows, cash payant decreases c o n t e n ts Adjustments to recon o chrow from an activities Changes in current orgaande DO DO WIIII O et cash flow from peringat Cash flows used foresting active 0 Niet cash flowed for investigacties Cash flows from used for financing c es Net cash flow from finanong activities 0 Dvd Cash at the beginning of the year Cash at the end of the year