eBook Show Me How Calculator The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, Dec. 31, 2079 2088 Assets Cash Accounts receivable (net) Inventories Investments $238,440 86,380 243,820 0 125,070 269,030 (62,980) $899,760 $223,080 8 0,120 237,220 91,900 0 209,730 (56,560) $785,490 Land Equipment Accumulated depreciation-equipment Total assets $154,740 Liabilities and Stockh liders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid in capital in excess of par-common stock 162,860 16,200 9,000 20,420 7,070 48,590 182,650 480,460 38,490 106,830 457,940 Retained earnings eBook Show Me How Calculator $162,860 16,200 9,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity 48,590 182,650 480,460 $899,760 $154,740 20,420 7,070 38,490 106,830 457,940 $785,490 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. There were no disposals of equipment during the yea C. The investments were sold for $107,520 cash. d. The common stock was issued for cash. e. There was a $59,440 credit to Retained Earnings for net income. f. There was a $36,920 debit to Retained Ernings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus outflows, cash payments, decreases in cash, or any negative adjustments Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2049 Cash flows from (used for) operating activities: eBook Show Me How Calculator Statement of Cash Flows For the Year Ended December 31, 2049 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: 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 Check My Work