Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Net income y Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable f Decrease in accrued expenses payable Net cash fow 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 fow from financing activities Increase in cash Cash at the beginning of the year