Dec. 31, 2049 Dec. 31, 20Y8 Assets Assets $261,310 Cash Accounts receivable (net) 93,850 Inventories Investments $283,200 102,590 289,610 0 148,550 319,530 (74,810) $1,068,670 277,890 107,650 o Land Equipment Accumulated depreciation-equipment I Total assets 245,670 (66,250) $920,120 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $193,430 $181,260 Accrued expenses payable (operating expenses) 19,240 23,920 Dividends payable 10,690 8,280 Common stock, $10 par 57,710 45,090 Pald-in capital in excess of par--common stock 216,940 125,140 Retained earnings 570,660 536,430 Total liabilities and stockholders' equity $1,068,670 $920,120 Additional data obtained from an examination of the accounts in the ledger for 2019 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 $125,950 cash. d. The common stock was issued for cash. Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: I b0 m Net cash flow from operating activities Cash flows from (used for) Investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 2019 Cash balance, December 31, 2019 COMIC OF COSUTTUWSTECEMENTO The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, 2019 Dec. 31, 20Y8 Assets Cash $283,200 $261,310 102,590 Accounts receivable (net) Inventories Investments 93,850 277,890 289,610 I 0 107,650 Land 0 Equipment Accumulated depreciation-equipment Total assets 148,550 319,530 (74,810) 245,670 (66,250) $1,068,670 $920,120 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $193,430 $181,260 Accrued expenses payable (operating expenses) 19,240 23,920 Dividends payable 10,690 8,280 Common stock, $10 par 57,710 45,090 Pald-in capital in excess of par--common stock 216,940 125,140 Retained earnings 570,660 536,430 Total liabilities and stockholders' equity $1,068,670 $920,120 Additional data obtained from an examination of the accounts in the ledger for 2049 are as follows: a. Equipment and land were acquired for cash