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The comparative balance sheet of Merrick Equipment Co, for December 31,20r9 and 20r8, is as follows: Additionel dote obtained from an wxaminatien of the actounts in the lidiger for sors ace as follows: ai Equipment and land were acquired for cash. b. There were no diposalt of equipmant during the year. e. The investments were sold for 195,000cash. E. The cammon stock was idued for cath, 4. There wat a 365,390 credt to lintained Earnings for not inceme. f. There was a 142.400 debit ee Retained Earningt for cash dividende deciared. Hequired: itecrebser in iashy or any negstive sdjustonenta. Adjustments to reconcile net income to net cash fiows from (usedfor) oparating actuites: Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash fiows used for investing activities Cash fows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 20y9 Check My Work 3 more Check My Work uses remaining. Chapter 16 Changes in current operating assets and liabilitles: Net cash flows from operating activities Cash fiows from (used for) Investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 20 by Cash balance, December 31, 20y Chedk My Work 3 more Creck My Work uses remaining statement of Cash Hows 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 $95,000 cash. d. The common stock was issued for cash. e. There was a $66,390 credit to Retained Earnings for net income. f. There was a $42,400 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the decreases in cash, or any negative adjustments. Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing actlvities: Net cash flows from financing activities Cosh balance, January 1,20Y9 Cash balance, December 31, 20Y9 Check My Work 3 more Check My Work uses remaining