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https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... ABP G Login - Roblox New Tab Get to Chrome faster Completed B Course Home Picaboo Yearbook in Messaging X Converting your file Khan Academy | Fre.. Exercises and Problems eBook Show Me How Calculator Print Item Statement of Cash Flows-Indirect Method 02.ALGO ? The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: 03 Dec. 31, Dec. 31, 20Y9 20Y8 04 Assets 05.ALGO Cash $270,240 $252,840 Accounts receivable (net) 97,900 90,810 06.BLANKSHEET.AL... Inventories 276,370 268,870 11.ALGO Investments 0 104,160 Land 141,750 17.ALGO Equipment 304,920 237,700 01.ALGO Accumulated depreciation-equipment (71,390) (64,100) Total assets $1,019,790 $890,280 Liabilities and Stockholders' Equity Accounts payable $184,580 $175,390 Accrued expenses payable 18,360 23, 150 Dividends payable 10,200 8,010 Common stock, $10 par 55,070 43,620 Paid-in capital: Excess of issue price over par-common stock 207,020 121,080 e w 9CengageNOWv2 | Onl. Spotify Free ENG 8:22 PM'ii iiiiiu: 'i-niilii '- in {via-7 Show Me How Calculator Print Hem Liabilities and Stockholders' Equity Accounts payable $184,580 $175,390 Accrued expenses payable 18,360 23,150 Dividends payable 10,200 8,010 Common stock, $10 per 55,070 43,620 Paid-in capital: Excess of issue price over par-common stock 207,020 121,080 Retained earnings 544,560 519,030 Total liabilities and stockholders' equity $1,019,790 $890,280 Additional data obtained From an examination of the accounts in the ledger for 20Y9 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 $93,740 cash. d. The common stock was issued for cash. 9.,There was a $67,370 credit to Retained Earnings for net income. f. There was a $41,840 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash ows, using the lndlrect method of presenting cash flows from operating acvl Indicate cash outflows, cash payments, decreases In cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 W5 hm operating activities: https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in... * ABP G blox & New Tab Get to Chrome faster Completed B Course Home Picaboo Yearbook in Messaging X Converting your file Khan Academy | Fre... and Problems eBook Show Me How Calculator Print Item Merrick Equipment Co. Statement of Cash Flows ? For the Year Ended December 31, 20Y9 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation SHEET.AL... Loss on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Increase in accrued expenses payable Net cash flow from operating activities $ Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: ENG 8:22 PMIncrease in accounts payable Increase in accrued expenses payable Net cash flow from operating activities $ Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: 00 000 Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year 9 CengageNOWv2 | Onl. Spotify Free calls ENG 8
