Content Area Statement of cash flowsindirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Line Item Description December 31, 20Y9 December 31, 20Y8 Assets Cash $309,720 $290,760 Accounts receivable (net) 112,200 104,430 Inventories 316,730 309,200 Investments 0 119,790 Land 162,450 0 Equipment 349,450 273,360 Accumulated depreciationequipment (81,810) (73,720) Total assets $1,168,740 $1,023,820 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $211,540 $201,690 Accrued expenses payable (operating expenses) 21,040 26,620 Dividends payable 11,690 9,210 Common stock, $10 par 63,110 50,170 Paid-in capital in excess of parcommon stock 237,250 139,240 Retained earnings 624,110 596,890 Total liabilities and stockholders' equity $1,168,740 $1,023,820 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were acquired for cash. There were no disposals of equipment during the year. The investments were sold for $140,150 cash. The common stock was issued for cash. There was a $75,340 credit to Retained Earnings for net income. There was a $48,120 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Line Item Description Amount Amount Cash flows from (used for) operating activities: blank $- Select - Adjustments to reconcile net income to net cash flows from (used for) operating activities: blank - Select - - Select - Changes in current operating assets and liabilities: blank - Select - - Select - - Select - - Select - blank $- Select - Cash flows from (used for) investing activities: blank $- Select - - Select - - Select - blank - Select - Cash flows from (used for) financing activities: blank $- Select - - Select - blank - Select - blank $- Select - Cash balance, January 1, 20Y9 blank Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 blank $Cash balance, December 31, 20Y9