Chepter 13 Staterment of Cash Flows 655 blems: Series B PR 13-18 Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December Obj. 2, 3, 4, 5 tes is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Cash Accounts receivable (net) s 70,720 47 940 188,190 289,850 102,000 295,800358,020 TIEMPILATE 207,230 298,520 Land Equipment.... Accumulated depreciation--equipment Total assets 438,600 84,320) 5901,680 $1,211,760 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock s 205,700 30,600 25,500 202,000 $194,140 26,860 20.400 102,000 204,000 Retained earnings Total liabilities and stockholders'equity 393,960 $1,211,760 $901,680 Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 $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. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities PR 13-2B Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance sheet of Harris Industries Inc, at December 31, 20Y4 and 20Y3, is as follows: Dec 31, 2016 Dec 31,203 Dec. 31, 20Y3 Assets $ 443,240 665,280 887 880 S 360,920 592,200 1,022.560 Cash Accounts receivable (net).... Inventories