Chapter 16 Statement Cash FlowseBook 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, Dec. 31 20Y9 20Y8 Assets Cash $256,250 $240,840 86,500 256,110 99,220 Accounts receivable (net) 92,830 262,050 Land Equipment Accumulated depreciation-equipment 134,410 89,120 226,420 (57,690) (61,060) 4956,970 88,030 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payahle Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained eamings $175,020 17,410 9,670 52,220 196,290 516,360 167,060 22,050 41,550 115,330 494,410