Net cash flow from operating activities, $154,260 PR 13-1B Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: Dec. 31, 2019 Dec. 31, 20Y8 Assets Cash .... SHOW ME HOW EXCEL TEMPLATE $ 70,720 207,230 298,520 0 295,800 438,600 (99,110) $1,211,760 $ 47,940 188,190 289,850 102,000 0 358,020 (84,320) $901,680 Accounts receivable (net) Inventories Investments Land ..... Equipment.. Accumulated depreciation-equipment Total assets.. Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable. Common stock, $1 par. Paid-in capital in excess of par-common stock. Retained earnings........ Total liabilities and stockholders' equity.. $ 205,700 30,600 25,500 202,000 354,000 393,960 $1,211,760 $194,140 26,860 20,400 102,000 204,000 354,280 1,680 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. 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. d. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities