PR 13-1B Statement of cash flows-indirect method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and Obj. 2, 3, 4, 5 20Y8, ash flow from acivitien is as follows 5154,260 Is as Dec. 31,20Y9 Dec. 31, 20Y8 Assets Cash Accounts Inventories Investments . Land . ...$ 70,720 $ 47,940 188,190 289,850 receivable (net).. BITCEL TEMPLATE 207,230 298,520 . .. 102000 358,020 295800 295,800 438,600 Accumulated depreciation-equipment Total assets . . . . $1,211,760 Liabilities and Stockholders'Equity Accounts payable (merchandise creditors) . . . . .. . . . . . . . . . . . . . . . Accrued expenses payable (operating expenses) . . . . . . . . . $ $194,140 205,700 30,600 25,500 202,000 354,000 102,000 204,000 354,280 $901,680 Paid-in capital: Excess of issue price over par-common stock.... Retained earnings Total liabilities and stockholders'equity... 51211.760 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 $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