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Casa Statement of Cathow-noirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2009 and 2098, s as follows: Dec 31, 2019
Casa Statement of Cathow-noirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2009 and 2098, s as follows: Dec 31, 2019 Dec. 31, 2045 Assets 5314,010 5291,790 Accounts receivable (net) 113,760 104,700 Inventories 321,120 310,260 Investments o 120,200 Land 164,710 0 Equipment 354,300 274,300 Accumulated depreciation equipment (82,950) 73,970) Total assets 31,184,950 $1,027,350 Liabilities and Stockholders' Equity Accounts payable 5214.480 $202,390 Accrued expenses payable 21.330 26,710 Dividends payable 11,850 9,250 Common stock, $10 par 63,950 50,340 Palo in capital: Excess of issue price over par.common stock 240,540 139,720 Retained earnings 632,760 598,940 Total abilities and stockholders' equity $1,184,950 $1,027,350 Additional data obtained from an examination of the accounts in the leder for 2019 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 $108,180 cash d. The common stock was issued for cash e. There was a $82,110 credit to Retained Earnings for net income . There was a $48,290 debit to Retained Earnings for cash dividends declared Required Prepare a statement of cash flows, using the Indirect method of presenting cash flow from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments
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