Content Area Statement of Cash Flows The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $291,500 $270,230 Accounts receivable (net) 105,600 97,050 Inventories 298,110 287,360 Investments 0 111,330 Land 152,900 0 Equipment 328,900 254,050 Accumulated depreciationequipment (77,000) (68,510) Total assets $1,100,010 $951,510 Liabilities and Stockholders' Equity Accounts payable $199,100 $187,450 Accrued expenses payable 19,800 24,740 Dividends payable 11,000 8,560 Common stock, $10 par 59,400 46,620 Excess of paid-in capital over par 223,300