PR 14-1B Statement of Cash Flows-Indirect Method OBJ.2 SPREADSHEET The tive balance sheet ofMerrick Equipment Co. for December 31, 2014 and 2013, is as follows: Dec 31, 2014 Dec 31, 2013 Assets 70,720 47,940 Cash Accounts receivable (net)................................ 207,230 188,190 298,520 289,850 inventories 102,000 Investments Land 295,800 Equipment 438,600 358020 Accumulated depreciation-equipment (99,11 (84,320) $1,211,760 $901,680 Liabilities and Stockholders' Equity 205,700 Accounts payable (merchandise creditors) $194,140 Accrued expenses payable (operating expenses) 30,600 26860 25,500 Dividends payable 20,400 Common stock, $1 par..................................... 202,000 102,000 Paid-in capital: Excess of issue price over par commonstock. 354,000 204.000 Retained earnings 393,960 354,280 $1,211,760 $901,680