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please help solve Statement of Cash Flows-1ndirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y, , is as
please help solve Statement of Cash Flows-1ndirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y, , is as follows: Additionsi 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 fo disposals of equipment during the year. c. The investments were sold for $123,010 cash. d. The conmon stock was lasued for cash. e. There was a $64,880 credt to feetained Eamings for net income. 1. There was a $42,240 debit to Retained Eamings for cash dividends declared. flequired: Prepare a statement of cash flows, using the indirect method of preseating cash faws fecm operating, activibes. Use the mious sign to indicate cash outflows, cash Dayments, decreases in cash, or any negative adjastmeets. Cash flows from (used for) operating activities: Adjustments to reconcie net income to net cash flow from operating activities: Changes in cumrent operating assets and liabllities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash fow used for investing activities Cash faws trom (used for) financing activities: Net cash flow from finanding activisies Cash balance, 3amuary 1, zor9 Canh belance, December 31, 20rs
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