DUE IN 40 min

Statement of cosh flows-indirect method The comparative balance sheet of Merrick Equipment Co, for December 31, 20y9 and Additional data are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. b. There invere no disposals were sold for $139,230cash. d. The common stock was issued for cash. e. There was a $79,110 credit to Retained Earnings for net income. f. There was a $47,800 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 Dayments, decreases in cash, or any negative adjustments. repare a statement of cash flows, using the indirect method of presenting cash flows