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Need help preparing a statement of cash flows! The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows
Need help preparing a statement of cash flows! The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows Dec 31 20Yg Dec 31 20Y8 70,720 S Cash Accounts Receivable Inventories Investments Land 47,940 188,190 102,000 298,520 295,800 438,600 358020 Accumulated Depreciation-Equipment Total Assets S1,211,760 $ 901,680 LIABILITIES AND STOCKHOLDERS' EQUITY S Accounts Payable Accrued Expenses Payable (operating expenses Dividends Payable 205,700 30,600 194,140 26,860 20,400 Paid-in Capital: Excess of issue price over par.common stock Retained Earnin 202,000 354,000 393.960 Total Liabilities and Stockholders Equity 901,680 Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows A. Equipment nd land were acquired for cash There were fho disposals of equipment during the year The investments were sold for $91,800 cash D. The common stock was issued for cash There was a $141680 credit to Retained Earnings for net income There was a $102.000 debit to Retained Earnings for cash dividends declared INSTRUCTIONS Prepared a statement of cash flows, using the indirect method of presentin
Need help preparing a statement of cash flows!
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