Problem 3.1 (Statement of Cash Flows) (Readings: Chapter 16). The comparative balance sheet of Merrick Equipment Co. for December 31. 20Y9. and 20Y8. is as follows: 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 (used for) operating activities