eBookShow Me HowPrint Item Statement of Cash FlowsIndirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $284,610 $264,750 Accounts receivable (net) 103,100 95,090 Inventories 291,050 281,530 Investments 0 109,070 Land 149,290 0 Equipment 321,130 248,910 Accumulated depreciationequipment (75,180) (67,120) Total assets $1,074,000 $932,230 Liabilities and Stockholders' Equity Accounts payable $194,390 $183,650 Accrued expenses payable 19,330 24,240 Dividends payable 10,740 8,390 Common stock, $10 par 58,000 45,680 Paid-in capital: Excess of issue price over par-common stock 218,020 126,780 Retained earnings 573,520 543,490 Total liabilities and stockholders equity $1,074,000 $932,230 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 $98,160 cash. The common stock was issued for cash. There was a $73,840 credit to Retained Earnings for net income. There was a $43,810 debit to Retained Earnings 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 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 Cash flows from operating activities: Net income $fill in the blank 2 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation fill in the blank 4 Loss on sale of investments fill in the blank 6 Changes in current operating assets and liabilities: Increase in accounts receivable fill in the blank 8 Increase in inventories fill in the blank 10 Increase in accounts payable fill in the blank 12 Decrease in accrued expenses payable fill in the blank 14 Net cash flow from operating activities $fill in the blank 15 Cash flows from (used for) investing activities: Cash from sale of investments $fill in the blank 17 Cash used for purchase of land fill in the blank 19 Cash used for purchase of equipment fill in the blank 21 Net cash flow used for investing activities fill in the blank 22 Cash flows from (used for) financing activities: Cash from sale of common stock fill in the blank 24 Cash used for dividends fill in the blank 26 Net cash flow from financing activities fill in the blank 27 Increase in cash $fill in the blank 29 Cash at the beginning of the year fill in the blank 30 Cash at the end of the year $fill in the blank 31

CengageNOWV2 Online teachin x C 16-01 statement of Cash Flow All X + 2 + c https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&take AssignmentSessionLocator=&inprogress=false G Ch 16 HW Print Item eBook Show Me How Cash Tow Trom operating activICIES! Net income ? 1. EX.16-05 2. PR. 16-01.ALGO Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 3. PR. 16-02.BLANKSHEET.AL. Loss on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable O II 1101 QUO Net cash flow from operating activities Cash flows from (used for) Investing activities: Cash from sale of investments Cash used for purchase of land Cash used for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash used for dividends Net cash flow from financing activities I Type here to search O - L 9 44% 75F H 1:20 PM 9/7/2021