eBook Show Me How The comparative balance sheet of Merrick Equipment Co. for December 31, 20y9 and 20y8, is as follows: 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 llabilities and stockholdrs' equity Check My Work 2 more Check My Woek uses remaining Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 20Y9 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 $121,680 cash. d. The common stock was issued for cash. e. There was a $65,420 credit to Retained Earnings for net income. f. There was a $41,780 debit to Retained Earnings for cash dividends declared. Requiredt Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities, Use the minus sign to indicate cash outfows, payments, decreases in cash, or any negative adjustments. 2 more Check My Work uses remaining Changes in current operating assets and labilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used foe) financing activities: Net cash fiow from financing activities Cach balance, january 1,20r9 Cash baiance, December 31, 20 r9 Check My Work 2 itwire Gheck My Work uses temainiry. 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 trom financing activities Cash balance, January 1, 20Yg Cash balance, December 31,2019 Check My Wark 2 mose Check My Wonk uses temaining Previous