How many shares of common stock were sold in 2018?

For what amount were the above shares sold (how much)?

How much was the depreciation expense in 2018?

What was the amount of equipment purchased in 2018?

Did the investments sell for a gain or loss? If so, what is the amount?

The comparative balance sheet of Merrick Equipment Co. for December 31, 2018 and 2017, is as follows: December 31, 2018 December 31, 2017 Assets Cash Accounts receivable (net) Inventories Investments Land 547,940 188,190 289,850 102,000 0 58,020 $70,720 207,230 298,520 295,800 438,600 Accumulated depreciation-equipment $1,211,760 $901,680 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par -common stock $205,700 30,600 25,500 202,000 354,000 $194,140 26,860 20,400 102,000 204,000 Retained earnings 1,211,760 $901,680 Additional data obtained from an examination of the accounts in the ledger for 2018 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 $91,800 cash. d. The common stock was issued for cash. e. There was a $141,680 credit to Retained Earnings for net income. f. There was a $102,000 debit to Retained Earnings for cash dividends declared Instructions: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. (15 Points)