Liabilities and Stockholders' Equity Accounts payable $175,550 $164,890 Accrued expenses payable 17,460 21,760 Dividends payable 9,700 7,530 Common stock, $10 par 52,370 41,010 Paid-in capital: Excess of issue price over par-common stock 196,890 113,830 Retained earnings 517,910 487,990 Total liabilities and stockholders' equity $969,880 $837,010 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 $88,140 cash. d. The common stock was issued for cash. e. There was a $69,260 credit to Retained Earnings for net income. f. There was a $39,340 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, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: 1 00 0 Cash flows from 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 Cash at the beginning of the year Cash at the end of the year