Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from (used for) operating activities: Net income $65.360 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation F 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 - Net cash flows from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flows used for investing activities Cash flows from (used for) financing activities: Cash received from issuing common stock - Cash dividends F Net cash flows from financing activities Net increase in cash Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 Additional data obtained from an examination of the accounts in the ledger for 2099 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 $83,150 cash. d. The common stock was issued for cash. e. There was a $65,360 credit to Retained Earnings for net income. f. There was a $37,110 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of Assets Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Dividends payable Common stock, $10 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity