cash flow from activities, ting $154,260 PR 13-1B Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: EXCEL TEMPLATE Cash Accounts receivable (net). Inventories Investments Land Equipment.. Assets Dec. 31, 20Y9 Dec. 31, 2018 $ 70,720 207,230 $ 47,940 188,190 298,520 289,850 0 102,000 295,800 0 438,600 358,020 (99,110) (84,320) $1,211,760 $901,680 Total assets Accumulated depreciation-equipment Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 205,700 $194,140 Accrued expenses payable (operating expenses) 30,600 26,860 Dividends payable..... 25,500 20,400 Common stock, $1 par... 202,000 102,000 Paid-in capital: Excess of issue price over par-common stock.... 354,000 204,000 Retained earnings.... 393,960 354,280 Total liabilities and stockholders' equity.. $1,211,760 $901,680 as follows: Additional data obtained from an examination of the accounts in the ledger for A. Equipment and land were acquired for cash. B. There were no disposals of equipment during the year. C. The investments were sold for $91,800 cash. D. The common stock was issued for cash. E. There was a $141,680 credit to Retained Earnings for net income. F. There was a $102,000 debit to Retained Earnings for cash dividends declared.