Net cash flow from operating activities, $154 260 Excel Show Me How PR 16-1B Statement of cash flows-indirect method OBJ. 2 The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, 2019 Dec 31, 2048 Assets Cash $ 70,720 $ 47,940 Accounts receivable (net) 207,230 188,190 Inventories 298,520 289,850 Investments 0 102,000 Land 295,800 0 Equipment. 438,600 358,020 Accumulated depreciation-equipment 199,110) (84,320) Total assets $1,211,760 $901,680 Llabilities and Stockholders' Equity Accounts payable $ 205,700 $194,140 Accrued expenses payable 30,600 26,860 Dividends payable.... 25,500 20,400 Common stock, $1 par... 202.000 102,000 Paid-in capital: Excess of issue price over par-common stock 354,000 204,000 Retained earnings. 393,960 354,280 Total liabilities and stockholders equity. $1,211,760 $901,680 Additional data obtained from an examination of the accounts in the ledger for 2049 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. MERRICK EQUIPMENT CO Statement of Cash Flow For the Year Ended December 31, 2014 Chws.tom.co Bowmer Lody wted and bad at Changes in and Nowe Calowstone et confering Cash Flows from fring Chefe Optional MERRICK EQUIPMENT CO Spree Wort Show for Salement el Cash Flow For the Year End Damer 2014 Balne Translation De 2015 470 70.70 Archer 2000 900.000 we La 000 Accue A Accredere payable Dividende Pascal 10 2.400 30.000 34000 Opening Notice Deprecate ve rerupere pe Purchase of een Purchase of und Salem Forg Detrand Sale or in didenda pe Watch Total