PR 16-1B Statement of cash flows-indirect method The comparative balance sheet of Merick Equipment Co. for December 31, 20Y'9 and 20Y8, is as follows Dec. 31, 20Y9 Dec.31 Assets 70,720 207.230 Cash $ 47,940 188,190 289.850 102,000 Land 295,800 438,600 99,110) $1,211,760 358,020 $901,58 $194,140 Accumulated depreciation-equipment Total assets Liabilities and Stockholders Equity Accrued expenses payable (operating expenses) Dividends payable. 30,600 25,500 102,000 204,000 354,280 $901,680 354,000 393,960 Retained 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. Prepare a statement of cash flows, using the indirect method for cash flows from operating activities